Sheets Smith Wealth Management Boosts Stock Position in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Sheets Smith Wealth Management boosted its position in shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,649 shares of the company’s stock after acquiring an additional 1,570 shares during the quarter. Sheets Smith Wealth Management’s holdings in OneSpaWorld were worth $474,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BluePath Capital Management LLC purchased a new position in shares of OneSpaWorld in the third quarter valued at approximately $37,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of OneSpaWorld in the third quarter worth $56,000. Allspring Global Investments Holdings LLC increased its position in shares of OneSpaWorld by 125.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,603 shares of the company’s stock worth $130,000 after acquiring an additional 6,447 shares during the period. CenterBook Partners LP acquired a new stake in shares of OneSpaWorld in the third quarter valued at $130,000. Finally, Amalgamated Bank boosted its holdings in OneSpaWorld by 10.5% in the third quarter. Amalgamated Bank now owns 12,035 shares of the company’s stock valued at $135,000 after purchasing an additional 1,144 shares during the period. 95.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Andrew R. Heyer sold 9,000 shares of OneSpaWorld stock in a transaction on Monday, March 4th. The shares were sold at an average price of $13.00, for a total transaction of $117,000.00. Following the sale, the director now directly owns 473,145 shares in the company, valued at approximately $6,150,885. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Andrew R. Heyer sold 9,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $13.00, for a total value of $117,000.00. Following the completion of the sale, the director now directly owns 473,145 shares of the company’s stock, valued at approximately $6,150,885. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Maryam Banikarim sold 6,411 shares of OneSpaWorld stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $13.07, for a total value of $83,791.77. Following the transaction, the director now directly owns 75,765 shares in the company, valued at approximately $990,248.55. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their price target on OneSpaWorld from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th.

OneSpaWorld Stock Down 0.3 %

Shares of OneSpaWorld stock traded down $0.05 during trading on Monday, hitting $14.79. 229,165 shares of the stock were exchanged, compared to its average volume of 559,323. The firm’s 50-day moving average price is $12.97 and its 200 day moving average price is $12.84. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 54.96 and a beta of 2.12. OneSpaWorld Holdings Limited has a 12-month low of $9.82 and a 12-month high of $15.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 0.98.

OneSpaWorld (NASDAQ:OSW) last posted its earnings results on Wednesday, May 1st. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. OneSpaWorld had a return on equity of 13.61% and a net margin of 4.14%. The firm had revenue of $211.23 million during the quarter, compared to analysts’ expectations of $206.98 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. As a group, analysts forecast that OneSpaWorld Holdings Limited will post 0.64 earnings per share for the current fiscal year.

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.