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

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price reached a new 52-week high during trading on Tuesday after Truist Financial raised their price target on the stock from $24.00 to $25.00. Truist Financial currently has a buy rating on the stock. OneSpaWorld traded as high as $23.51 and last traded at $23.4950, with a volume of 786298 shares trading hands. The stock had previously closed at $22.70.

A number of other research firms have also recently weighed in on OSW. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Weiss Ratings restated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. Stifel Nicolaus dropped their price objective on OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, TD Cowen dropped their target price on OneSpaWorld from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, OneSpaWorld currently has an average rating of “Buy” and a consensus price target of $25.00.

Insider Buying and Selling at OneSpaWorld

In other news, CEO Stephen Lazarus sold 8,569 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $21.12, for a total value of $180,977.28. Following the completion of the transaction, the chief executive officer owned 351,250 shares in the company, valued at approximately $7,418,400. This represents a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew R. Heyer sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $20.19, for a total value of $403,800.00. Following the sale, the director directly owned 509,817 shares of the company’s stock, valued at $10,293,205.23. This represents a 3.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 33,569 shares of company stock valued at $685,827 in the last 90 days. 3.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On OneSpaWorld

Several large investors have recently made changes to their positions in the business. Ariel Investments LLC lifted its stake in shares of OneSpaWorld by 23.3% in the 2nd quarter. Ariel Investments LLC now owns 13,213,156 shares of the company’s stock worth $269,416,000 after purchasing an additional 2,499,851 shares during the period. Reinhart Partners LLC. purchased a new position in shares of OneSpaWorld in the 4th quarter worth $45,358,000. American Century Companies Inc. lifted its position in OneSpaWorld by 105.5% in the second quarter. American Century Companies Inc. now owns 2,976,478 shares of the company’s stock worth $60,690,000 after buying an additional 1,528,210 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of OneSpaWorld by 45.6% in the third quarter. First Trust Advisors LP now owns 3,088,830 shares of the company’s stock worth $65,298,000 after buying an additional 966,889 shares during the period. Finally, Bessemer Group Inc. grew its stake in OneSpaWorld by 3,988.8% in the 3rd quarter. Bessemer Group Inc. now owns 924,726 shares of the company’s stock worth $19,550,000 after acquiring an additional 902,110 shares in the last quarter. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Trading Up 3.2%

The company’s fifty day simple moving average is $20.92 and its 200-day simple moving average is $21.25. The company has a market capitalization of $2.39 billion, a P/E ratio of 33.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.84.

About OneSpaWorld

OneSpaWorld Holdings Ltd is a global provider of spa and wellness services, catering primarily to the cruise line, hospitality and venue-based leisure industries. The company designs and operates on-board spa facilities, salon services and retail boutiques, offering treatments such as massage, facial and body therapies, nail care, hair styling and aesthetic enhancements. Additionally, OneSpaWorld provides program consulting, management, training and product distribution services to its partners, enabling tailored spa experiences across diverse passenger and guest demographics.

OneSpaWorld’s core operations span major cruise lines—such as Carnival Corporation, Royal Caribbean Group, MSC Cruises and Virgin Voyages—as well as luxury resort and hotel brands.