OneSpaWorld (NASDAQ:OSW) Reaches New 52-Week High – Here’s Why

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.64 and last traded at $20.64, with a volume of 353 shares. The stock had previously closed at $20.36.

Analyst Ratings Changes

Separately, Truist Financial lifted their target price on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Price Performance

The firm’s fifty day simple moving average is $18.67 and its two-hundred day simple moving average is $16.78. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.05 billion, a PE ratio of 40.31 and a beta of 2.13.

OneSpaWorld Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.81%. OneSpaWorld’s payout ratio is presently 32.65%.

Insider Buying and Selling at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total transaction of $367,200.00. Following the completion of the transaction, the director now owns 170,917 shares in the company, valued at approximately $3,486,706.80. This represents a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the transaction, the director now directly owns 545,432 shares of the company’s stock, valued at $10,188,669.76. The trade was a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 337,516 shares of company stock valued at $6,007,092 over the last ninety days. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OneSpaWorld

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in OneSpaWorld by 144.2% during the third quarter. Principal Financial Group Inc. now owns 33,137 shares of the company’s stock valued at $547,000 after purchasing an additional 19,565 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of OneSpaWorld by 53.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock valued at $10,166,000 after acquiring an additional 214,557 shares during the last quarter. Geode Capital Management LLC grew its position in OneSpaWorld by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock worth $39,869,000 after acquiring an additional 141,578 shares in the last quarter. Barclays PLC raised its position in OneSpaWorld by 177.8% during the third quarter. Barclays PLC now owns 198,549 shares of the company’s stock valued at $3,278,000 after purchasing an additional 127,074 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of OneSpaWorld in the 3rd quarter valued at approximately $9,267,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Company Profile

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.