OneSpaWorld (NASDAQ:OSW) Sets New 12-Month High After Analyst Upgrade

OneSpaWorld Holdings Limited (NASDAQ:OSW) reached a new 52-week high on Tuesday after Truist Financial raised their price target on the stock from $17.00 to $22.00. Truist Financial currently has a buy rating on the stock. OneSpaWorld traded as high as $19.84 and last traded at $19.72, with a volume of 99385 shares trading hands. The stock had previously closed at $19.50.

Insider Activity

In other OneSpaWorld news, Director Andrew R. Heyer sold 75,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the sale, the director now owns 545,432 shares of the company’s stock, valued at approximately $10,188,669.76. This trade represents a 12.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen Lazarus sold 8,271 shares of OneSpaWorld stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $16.75, for a total value of $138,539.25. Following the completion of the transaction, the chief financial officer now owns 726,920 shares in the company, valued at $12,175,910. This trade represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 319,810 shares of company stock worth $5,644,816. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of OneSpaWorld

Several hedge funds and other institutional investors have recently made changes to their positions in OSW. Morse Asset Management Inc increased its stake in OneSpaWorld by 8.1% during the 3rd quarter. Morse Asset Management Inc now owns 14,050 shares of the company’s stock valued at $232,000 after purchasing an additional 1,050 shares in the last quarter. Zacks Investment Management raised its stake in OneSpaWorld by 13.3% in the 3rd quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after acquiring an additional 1,881 shares during the last quarter. Emerald Advisers LLC lifted its position in OneSpaWorld by 3.7% during the 3rd quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock worth $1,081,000 after acquiring an additional 2,310 shares during the period. Principal Financial Group Inc. grew its stake in OneSpaWorld by 20.9% during the 2nd quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock valued at $209,000 after purchasing an additional 2,350 shares during the last quarter. Finally, Kings Path Partners LLC increased its holdings in shares of OneSpaWorld by 3.2% in the third quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock valued at $1,274,000 after purchasing an additional 2,380 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Stock Performance

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 stock has a market capitalization of $2.05 billion, a PE ratio of 39.80 and a beta of 2.13. The firm has a 50 day moving average price of $17.76 and a 200-day moving average price of $16.33.

OneSpaWorld Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld’s payout ratio is 32.65%.

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.