OneSpaWorld Holdings Limited (NASDAQ:OSW) Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its stake in OneSpaWorld Holdings Limited (NASDAQ:OSW - Free Report) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,374,959 shares of the company's stock after acquiring an additional 82,618 shares during the period. Pinnacle Associates Ltd. owned 2.37% of OneSpaWorld worth $39,211,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mutual of America Capital Management LLC purchased a new stake in OneSpaWorld during the first quarter valued at approximately $7,505,000. Divisadero Street Capital Management LP acquired a new stake in OneSpaWorld during the second quarter worth about $7,685,000. DAVENPORT & Co LLC grew its stake in shares of OneSpaWorld by 21.1% during the 1st quarter. DAVENPORT & Co LLC now owns 2,694,704 shares of the company's stock worth $35,970,000 after purchasing an additional 470,415 shares during the period. New South Capital Management Inc. increased its holdings in OneSpaWorld by 10.4% in the first quarter. New South Capital Management Inc. now owns 2,651,046 shares of the company's stock valued at $35,073,000 after buying an additional 250,217 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of OneSpaWorld by 92.1% in the 2nd quarter. Marshall Wace LLP now owns 444,911 shares of the company's stock valued at $6,838,000 after purchasing an additional 213,328 shares in the last quarter. 95.98% of the stock is currently owned by hedge funds and other institutional investors.

OneSpaWorld Price Performance

OSW stock traded up $0.47 during mid-day trading on Wednesday, reaching $17.92. The company's stock had a trading volume of 953,702 shares, compared to its average volume of 542,163. The company has a current ratio of 2.03, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The company's 50 day moving average is $16.35 and its two-hundred day moving average is $15.49. OneSpaWorld Holdings Limited has a fifty-two week low of $9.82 and a fifty-two week high of $18.73. The stock has a market cap of $1.88 billion, a PE ratio of 39.53 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $224.89 million during the quarter, compared to analysts' expectations of $220.61 million. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. During the same quarter last year, the firm earned $0.13 earnings per share. Equities research analysts expect that OneSpaWorld Holdings Limited will post 0.73 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Cowen upped their price objective on shares of OneSpaWorld from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the business's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the transaction, the director now directly owns 467,145 shares in the company, valued at $6,806,302.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Andrew R. Heyer sold 6,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $14.57, for a total value of $87,420.00. Following the sale, the director now directly owns 467,145 shares of the company's stock, valued at approximately $6,806,302.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen Lazarus sold 8,271 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total transaction of $138,539.25. Following the transaction, the chief financial officer now directly owns 726,920 shares of the company's stock, valued at $12,175,910. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 184,904 shares of company stock worth $3,111,316 in the last three months. 5.00% of the stock is owned by corporate insiders.

OneSpaWorld 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.