OneSpaWorld (NASDAQ:OSW) Shares Gap Up – Time to Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares gapped up prior to trading on Thursday . The stock had previously closed at $20.07, but opened at $21.37. OneSpaWorld shares last traded at $21.0890, with a volume of 662,665 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen lowered OneSpaWorld from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. TD Cowen decreased their target price on shares of OneSpaWorld from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Stifel Nicolaus lowered their target price on shares of OneSpaWorld from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of OneSpaWorld in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.20.

OneSpaWorld Stock Up 3.0%

The company has a current ratio of 1.84, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $20.62 and its 200-day simple moving average is $21.25. The company has a market capitalization of $2.17 billion, a PE ratio of 29.96 and a beta of 1.03.

Insider Activity

In other news, Director Walter Field Mclallen sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $20.21, for a total value of $101,050.00. Following the sale, the director owned 154,882 shares in the company, valued at $3,130,165.22. This represents a 3.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Lazarus sold 8,569 shares of OneSpaWorld stock in a transaction that occurred 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 transaction, the chief executive officer owned 351,250 shares of the company’s stock, valued at approximately $7,418,400. This represents a 2.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 33,569 shares of company stock valued at $685,827 in the last quarter. 3.90% of the stock is currently owned by company insiders.

Institutional Trading of OneSpaWorld

A number of institutional investors and hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC grew its stake in OneSpaWorld by 12.6% during the 4th quarter. ProShare Advisors LLC now owns 18,266 shares of the company’s stock valued at $379,000 after acquiring an additional 2,041 shares in the last quarter. Bessemer Group Inc. grew its holdings in OneSpaWorld by 21.8% in the 4th quarter. Bessemer Group Inc. now owns 1,126,468 shares of the company’s stock valued at $23,363,000 after buying an additional 201,742 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of OneSpaWorld by 116.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 22,936 shares of the company’s stock worth $476,000 after acquiring an additional 12,343 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of OneSpaWorld during the 4th quarter worth $368,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of OneSpaWorld by 11.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 107,520 shares of the company’s stock valued at $2,230,000 after purchasing an additional 10,615 shares during the period. Hedge funds and other institutional investors own 95.98% of the company’s stock.

OneSpaWorld Company Profile

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.