OneSpaWorld (NASDAQ:OSW) Hits New 12-Month High Following Analyst Upgrade

OneSpaWorld Holdings Limited (NASDAQ:OSW) hit a new 52-week high during mid-day trading 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 traded. The stock had previously closed at $19.50.

Insider Transactions at OneSpaWorld

In related news, Director Andrew R. Heyer sold 75,000 shares of the firm’s 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 transaction, the director now directly owns 545,432 shares in the company, valued at $10,188,669.76. This trade represents a 12.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen Lazarus sold 170,339 shares of OneSpaWorld 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 completion of the transaction, the chief financial officer now directly owns 556,581 shares of the company’s stock, valued at approximately $9,411,784.71. This represents a 23.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 319,810 shares of company stock valued at $5,644,816. 5.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneSpaWorld

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

OneSpaWorld Price Performance

The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 40.24 and a beta of 2.13. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29. The company has a 50-day simple moving average of $17.82 and a two-hundred day simple moving average of $16.37.

OneSpaWorld Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld’s dividend payout ratio (DPR) is presently 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.