OneSpaWorld (NASDAQ:OSW) Hits New 12-Month High – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $23.01 and last traded at $22.84, with a volume of 1244131 shares trading hands. The stock had previously closed at $22.50.

Analyst Upgrades and Downgrades

OSW has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Truist Financial raised their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Trading Up 1.5 %

The business has a fifty day moving average of $20.42 and a 200-day moving average of $18.24. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 46.61 and a beta of 2.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29.

OneSpaWorld (NASDAQ:OSW) last released its earnings results on Wednesday, February 19th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). OneSpaWorld had a return on equity of 14.14% and a net margin of 5.86%. On average, equities analysts anticipate that OneSpaWorld Holdings Limited will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Walter Field Mclallen sold 18,000 shares of OneSpaWorld stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.40, for a total value of $367,200.00. Following the transaction, the director now owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. This trade represents a 9.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneSpaWorld

A number of institutional investors have recently bought and sold shares of OSW. Creative Planning boosted its position in OneSpaWorld by 5.8% during the 3rd quarter. Creative Planning now owns 74,409 shares of the company’s stock worth $1,228,000 after acquiring an additional 4,071 shares during the period. Semanteon Capital Management LP boosted its position in OneSpaWorld by 66.9% during the 3rd quarter. Semanteon Capital Management LP now owns 65,080 shares of the company’s stock worth $1,074,000 after acquiring an additional 26,084 shares during the period. Pinnacle Associates Ltd. boosted its position in OneSpaWorld by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,374,959 shares of the company’s stock worth $39,211,000 after acquiring an additional 82,618 shares during the period. Emerald Advisers LLC boosted its position in OneSpaWorld by 3.7% during the 3rd quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock worth $1,081,000 after acquiring an additional 2,310 shares during the period. Finally, Principal Financial Group Inc. boosted its position in OneSpaWorld by 144.2% during the 3rd quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock worth $547,000 after acquiring an additional 19,565 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

About OneSpaWorld

OneSpaWorld Holdings Limited operates health and wellness centers onboard cruise ships and at destination resorts worldwide. Its health and wellness centers offer services, such as traditional body, salon, and skin care services and products; self-service fitness facilities, specialized fitness classes, and personal fitness training; pain management, detoxifying programs, and body composition analyses; weight management programs and products; and medi-spa services.