OneSpaWorld (NASDAQ:OSW) Trading Down 8.7% - Here's What Happened

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) shares were down 8.7% during trading on Thursday . The stock traded as low as $21.13 and last traded at $20.99. Approximately 246,182 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 607,636 shares. The stock had previously closed at $22.98.

Analyst Upgrades and Downgrades

Several analysts have commented on OSW shares. Stifel Nicolaus raised their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Truist Financial raised their price objective on shares of OneSpaWorld from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd.

OneSpaWorld Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The firm has a market cap of $1.98 billion, a P/E ratio of 27.26 and a beta of 2.10. The business's 50-day simple moving average is $20.47 and its 200 day simple moving average is $18.32.

Insider Activity

In other news, Director Walter Field Mclallen sold 18,000 shares of the business'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 sale, the director now owns 170,917 shares of the company's stock, valued at $3,486,706.80. The trade was a 9.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On OneSpaWorld

A number of hedge funds have recently modified their holdings of OSW. Creative Planning grew its position in shares of OneSpaWorld by 5.8% during the 3rd quarter. Creative Planning now owns 74,409 shares of the company's stock valued at $1,228,000 after acquiring an additional 4,071 shares during the period. Semanteon Capital Management LP lifted its stake in shares of OneSpaWorld by 66.9% during the 3rd quarter. Semanteon Capital Management LP now owns 65,080 shares of the company's stock valued at $1,074,000 after buying an additional 26,084 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of OneSpaWorld by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,374,959 shares of the company's stock valued at $39,211,000 after buying an additional 82,618 shares in the last quarter. Emerald Advisers LLC lifted its stake in shares of OneSpaWorld by 3.7% during the 3rd quarter. Emerald Advisers LLC now owns 65,498 shares of the company's stock valued at $1,081,000 after buying an additional 2,310 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of OneSpaWorld by 144.2% during the 3rd quarter. Principal Financial Group Inc. now owns 33,137 shares of the company's stock valued at $547,000 after buying an additional 19,565 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

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.