Longboard Asset Management LP Invests $209,000 in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Longboard Asset Management LP bought a new stake in OneSpaWorld Holdings Limited (NASDAQ:OSW) during the 4th quarter, HoldingsChannel reports. The firm bought 10,481 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas acquired a new position in OneSpaWorld in the fourth quarter valued at $36,000. Point72 DIFC Ltd acquired a new position in OneSpaWorld in the third quarter valued at $81,000. KBC Group NV acquired a new position in OneSpaWorld in the fourth quarter valued at $121,000. Simon Quick Advisors LLC acquired a new position in OneSpaWorld in the fourth quarter valued at $247,000. Finally, Glenmede Trust Co. NA acquired a new position in OneSpaWorld in the third quarter valued at $210,000. Institutional investors and hedge funds own 95.98% of the company’s stock.

OneSpaWorld Price Performance

Shares of NASDAQ OSW opened at $21.36 on Wednesday. The firm’s 50-day moving average price is $19.89 and its 200-day moving average price is $17.84. OneSpaWorld Holdings Limited has a 1-year low of $11.98 and a 1-year high of $22.29. The firm has a market capitalization of $2.22 billion, a P/E ratio of 43.59 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 related news, Director Walter Field Mclallen sold 18,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the sale, the director now owns 170,917 shares in the company, valued at $3,486,706.80. This represents a 9.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OSW. Truist Financial upped their price objective on shares of OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Stifel Nicolaus upped their price objective on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 15th.

OneSpaWorld 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.