OneSpaWorld (NASDAQ:OSW) Reaches New 1-Year High – What’s Next?

OneSpaWorld Holdings Limited (NASDAQ:OSW) hit a new 52-week high on Tuesday . The stock traded as high as $17.35 and last traded at $17.32, with a volume of 225024 shares. The stock had previously closed at $16.57.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OSW. TD Cowen raised their price target on OneSpaWorld from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial raised their price objective on OneSpaWorld from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th.

OneSpaWorld Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.03 and a quick ratio of 1.49. The firm has a fifty day simple moving average of $15.78 and a 200 day simple moving average of $15.02. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 61.37 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. OneSpaWorld had a return on equity of 13.67% and a net margin of 6.26%. The company had revenue of $224.89 million for the quarter, compared to analyst estimates of $220.61 million. During the same period last year, the company earned $0.13 earnings per share. On average, analysts anticipate that OneSpaWorld Holdings Limited will post 0.73 earnings per share for the current fiscal year.

OneSpaWorld Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, August 21st. OneSpaWorld’s dividend payout ratio is presently 59.26%.

Insider Transactions at OneSpaWorld

In other news, Director Andrew R. Heyer sold 6,000 shares of OneSpaWorld stock in a transaction that occurred on Monday, August 5th. The stock was 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 $6,806,302.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other OneSpaWorld news, CFO Stephen Lazarus sold 170,339 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $16.91, for a total transaction of $2,880,432.49. Following the transaction, the chief financial officer now owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrew R. Heyer sold 6,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 184,904 shares of company stock valued at $3,111,316 over the last ninety days. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSW. Quarry LP raised its position in OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company’s stock valued at $66,000 after purchasing an additional 2,762 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of OneSpaWorld in the 1st quarter valued at $148,000. Allspring Global Investments Holdings LLC raised its holdings in shares of OneSpaWorld by 13,242.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company’s stock valued at $174,000 after buying an additional 11,256 shares during the period. ProShare Advisors LLC raised its holdings in shares of OneSpaWorld by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock valued at $198,000 after buying an additional 1,181 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in shares of OneSpaWorld in the 2nd quarter valued at $200,000. Hedge funds and other 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.