OneSpaWorld (NASDAQ:OSW) Stock Price Down 8.7% – Time to Sell?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares were down 8.7% during mid-day trading on Thursday . The company traded as low as $21.13 and last traded at $20.99. Approximately 246,182 shares changed hands during trading, a decline of 59% from the average daily volume of 607,636 shares. The stock had previously closed at $22.98.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OSW shares. Stifel Nicolaus increased their price objective on OneSpaWorld from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Truist Financial raised their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Trading Down 9.8 %

The firm has a fifty day simple moving average of $20.47 and a two-hundred day simple moving average of $18.32. The stock has a market cap of $1.98 billion, a PE ratio of 27.26 and a beta of 2.10. The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18.

Insider Activity

In other news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now directly owns 170,917 shares in the company, valued at approximately $3,486,706.80. This represents a 9.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in OneSpaWorld during the 4th quarter worth approximately $569,000. PharVision Advisers LLC bought a new position in OneSpaWorld during the 4th quarter worth approximately $203,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in OneSpaWorld by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 141,595 shares of the company’s stock worth $2,818,000 after acquiring an additional 19,297 shares during the last quarter. State of Wyoming grew its position in OneSpaWorld by 497.8% during the 4th quarter. State of Wyoming now owns 27,547 shares of the company’s stock worth $548,000 after acquiring an additional 22,939 shares during the last quarter. Finally, Royal Bank of Canada grew its position in OneSpaWorld by 1,699.9% during the 4th quarter. Royal Bank of Canada now owns 844,479 shares of the company’s stock worth $16,806,000 after acquiring an additional 797,562 shares during the last quarter. 95.98% of the stock is currently owned by institutional investors.

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.