OneSpaWorld (NASDAQ:OSW) Hits New 1-Year High After Analyst Upgrade

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares hit 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 news, CFO Stephen Lazarus sold 8,271 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total value of $138,539.25. Following the transaction, the chief financial officer now owns 726,920 shares of the company’s stock, valued at approximately $12,175,910. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total transaction of $1,401,000.00. Following the completion of the transaction, the director now owns 545,432 shares in the company, valued at approximately $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 319,810 shares of company stock valued at $5,644,816. Insiders own 5.00% of the company’s stock.

Institutional Trading of OneSpaWorld

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in OneSpaWorld by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 2,176,709 shares of the company’s stock valued at $28,798,000 after purchasing an additional 84,423 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in OneSpaWorld by 13.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 23,858 shares of the company’s stock valued at $316,000 after purchasing an additional 2,860 shares during the period. SG Americas Securities LLC boosted its position in shares of OneSpaWorld by 45.9% in the second quarter. SG Americas Securities LLC now owns 85,327 shares of the company’s stock worth $1,311,000 after buying an additional 26,863 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of OneSpaWorld in the second quarter worth about $633,000. Finally, Bank of New York Mellon Corp grew its stake in shares of OneSpaWorld by 24.9% in the second quarter. Bank of New York Mellon Corp now owns 363,455 shares of the company’s stock valued at $5,586,000 after buying an additional 72,470 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Trading Up 1.1 %

The firm has a fifty day moving average of $17.82 and a 200 day moving average of $16.37. The firm has a market capitalization of $2.05 billion, a PE ratio of 40.24 and a beta of 2.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84.

OneSpaWorld Announces Dividend

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

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.