Picton Mahoney Asset Management Has $8.76 Million Holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW)

Picton Mahoney Asset Management grew its holdings in OneSpaWorld Holdings Limited (NASDAQ:OSW) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 621,416 shares of the company’s stock after purchasing an additional 48,305 shares during the period. Picton Mahoney Asset Management’s holdings in OneSpaWorld were worth $8,762,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in OSW. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of OneSpaWorld in the third quarter worth $56,000. Allspring Global Investments Holdings LLC lifted its stake in shares of OneSpaWorld by 125.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,603 shares of the company’s stock valued at $130,000 after buying an additional 6,447 shares during the period. CenterBook Partners LP acquired a new stake in OneSpaWorld during the third quarter worth about $130,000. Amalgamated Bank increased its stake in OneSpaWorld by 10.5% during the third quarter. Amalgamated Bank now owns 12,035 shares of the company’s stock valued at $135,000 after acquiring an additional 1,144 shares during the period. Finally, Quantbot Technologies LP acquired a new position in OneSpaWorld in the 3rd quarter valued at approximately $157,000. 95.98% of the stock is owned by hedge funds and other institutional investors.

OneSpaWorld Price Performance

Shares of NASDAQ:OSW traded down $0.07 during midday trading on Wednesday, reaching $14.75. 435,707 shares of the company’s stock were exchanged, compared to its average volume of 559,006. The firm has a market capitalization of $1.48 billion, a PE ratio of 54.82 and a beta of 2.12. The company’s 50 day simple moving average is $13.01 and its two-hundred day simple moving average is $12.91. 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 quick ratio of 0.98 and a current ratio of 1.57.

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

Insider Activity at OneSpaWorld

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

Analysts Set New Price Targets

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

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.