New York State Common Retirement Fund Increases Stake in OneSpaWorld Holdings

The New York State Common Retirement Fund has increased its ownership in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 1.7% during the fourth quarter, as detailed in its latest Form 13F submitted to the SEC. After acquiring an additional 19,269 shares during this period, the Fund now holds a total of 1,142,843 shares of OneSpaWorld, which represents 1.10% of the company's stock, valued at approximately $22,743,000.

Other institutional investors have also recently adjusted their positions in OneSpaWorld. FMR LLC significantly increased its holdings by 54.0% in the third quarter, now owning 4,137,525 shares worth around $68,311,000 after purchasing an additional 1,451,283 shares. Geode Capital Management expanded its stake by 6.2%, owning 2,414,363 shares valued at $39,869,000 following a purchase of 141,578 shares. Additionally, Pinnacle Associates Ltd. and State Street Corp raised their holdings by 3.6% and 3.0%, respectively, while Wellington Management Group LLP boosted its stake by 21.4% during the same quarter. Overall, institutional investors now control 95.98% of OneSpaWorld's shares.

Price Performance of OneSpaWorld

As of Friday, OSW shares opened at $19.08. The stock has seen a low of $11.98 and a high of $23.01 over the past year. OneSpaWorld boasts a market capitalization of $1.98 billion, with a price-to-earnings ratio of 27.26 and a beta of 2.10. Its 50-day and 200-day moving averages stand at $20.47 and $18.32, respectively. The company maintains a debt-to-equity ratio of 0.18, a current ratio of 1.84, and a quick ratio of 1.29.

New Price Targets from Analysts

Insider Trading Activity

In recent insider trading, Director Walter Field Mclallen sold 18,000 shares on December 12, fetching $20.40 per share for a total of $367,200. Following this transaction, the director's remaining ownership in the company stands at 170,917 shares, valued at approximately $3,486,706.80, marking a 9.53% decline in their share hold. These transactions were disclosed in filings with the SEC, which are publicly accessible.

Overview of OneSpaWorld's Operations

OneSpaWorld Holdings Limited operates health and wellness facilities on cruise ships and at various destination resorts across the globe. Their centers offer a variety of services, including traditional body, salon, and skincare treatments; self-service fitness options; specialized fitness classes; personal training; programs for pain management; detoxification; body composition analysis; weight management; and medi-spa services.

Retirement, Investments, Stock