OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares hit a new 52-week high during trading on Thursday . The company 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.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OSW. Truist Financial upped their price target on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Stifel Nicolaus upped their price target on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th.

OneSpaWorld Stock Performance

The stock has a market cap of $2.22 billion, a P/E ratio of 43.59 and a beta of 2.10. 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 business has a 50 day moving average price of $19.82 and a two-hundred day moving average price of $17.76.

Insider Transactions at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 170,917 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the transaction, the director now directly owns 545,432 shares of the company’s stock, valued at approximately $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. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On OneSpaWorld

Several institutional investors have recently modified their holdings of OSW. Envestnet Asset Management Inc. lifted its stake in shares of OneSpaWorld by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 125,675 shares of the company’s stock valued at $1,932,000 after purchasing an additional 3,981 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of OneSpaWorld in the second quarter worth approximately $668,000. The Manufacturers Life Insurance Company raised its holdings in shares of OneSpaWorld by 21.7% in the second quarter. The Manufacturers Life Insurance Company now owns 50,180 shares of the company’s stock worth $771,000 after buying an additional 8,954 shares during the period. Algert Global LLC purchased a new stake in shares of OneSpaWorld in the second quarter worth approximately $384,000. Finally, Creative Planning purchased a new stake in shares of OneSpaWorld in the second quarter worth approximately $1,081,000. 95.98% of the stock is 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.