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

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

Wall Street Analyst Weigh In

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

OneSpaWorld Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The company’s 50-day simple moving average is $20.42 and its 200-day simple moving average is $18.24. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 46.61 and a beta of 2.10.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On OneSpaWorld

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in OneSpaWorld in the fourth quarter valued at $26,000. Signaturefd LLC lifted its stake in OneSpaWorld by 139.9% in the fourth quarter. Signaturefd LLC now owns 1,317 shares of the company’s stock valued at $26,000 after buying an additional 768 shares during the last quarter. USA Financial Formulas bought a new stake in OneSpaWorld in the fourth quarter valued at $36,000. Aquatic Capital Management LLC acquired a new position in shares of OneSpaWorld during the fourth quarter valued at $81,000. Finally, Point72 DIFC Ltd acquired a new position in shares of OneSpaWorld during the third quarter valued at $81,000. 95.98% of the stock is currently owned by institutional investors.

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.