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

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.10 and last traded at $22.04, with a volume of 951637 shares traded. The stock had previously closed at $21.64.

Analyst Ratings Changes

Several research firms have recently commented on OSW. 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. Stifel Nicolaus boosted 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.

OneSpaWorld Trading Down 2.0 %

The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 44.08 and a beta of 2.10. The business has a fifty day moving average of $19.73 and a two-hundred day moving average of $17.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84.

Insider Activity

In other news, Director Andrew R. Heyer sold 75,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total value of $1,401,000.00. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $367,200.00. Following the completion of the sale, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On OneSpaWorld

A number of hedge funds and other institutional investors have recently modified their holdings of OSW. FMR LLC lifted its position in OneSpaWorld by 54.0% during the third quarter. FMR LLC now owns 4,137,525 shares of the company's stock worth $68,311,000 after buying an additional 1,451,283 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 during the last quarter. Pinnacle Associates Ltd. grew its holdings in OneSpaWorld by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 2,374,959 shares of the company's stock valued at $39,211,000 after purchasing an additional 82,618 shares during the period. State Street Corp increased its position in OneSpaWorld by 3.0% during the third quarter. State Street Corp now owns 2,148,522 shares of the company's stock worth $35,472,000 after purchasing an additional 61,568 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in OneSpaWorld by 21.4% during the third quarter. Wellington Management Group LLP now owns 1,791,032 shares of the company's stock worth $29,570,000 after purchasing an additional 316,207 shares during the period. 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.