Monitoring OneSpaWorld Holdings Limited (OSW) after recent insider movements

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OneSpaWorld Holdings Limited’s filing revealed that its Director HEYER STEVEN J unloaded Company’s shares for reported $0.24 million on Dec 15. In the deal valued at $10.01 per share,23,676 shares were sold. As a result of this transaction, HEYER STEVEN J now holds 813,250 shares worth roughly $ 8.26 million.

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Then, HEYER STEVEN J sold 65,116 shares, generating $662,686 in total proceeds. Upon selling the shares at $10.18, the Director now owns 836,926 shares.

Before that, HEYER STEVEN J sold 5,200 shares. OneSpaWorld Holdings Limited shares valued at $54,374 were divested by the Director at a price of $10.46 per share. As a result of the transaction, HEYER STEVEN J now holds 902,042 shares, worth roughly $9.16 million.

Cowen initiated its OneSpaWorld Holdings Limited [OSW] rating to an Outperform in a research note published on Tuesday, December 14, 2022; the price target was $13. PT values the company’s stock at a premium of 21.85 to its Tuesday closing price. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. Jefferies also remained covering OSW and has decreased its forecast on January 13, 2021 with a “Hold” recommendation from previously “Buy” rating. Jefferies revised its rating on June 09, 2020. It rated OSW as “a Buy” which previously was an “a Hold”.

Price Performance Review of OSW

On Tuesday, OneSpaWorld Holdings Limited [NASDAQ:OSW] saw its stock fall -2.87% to $10.16. On the same session, the stock had its day’s lowest price of $10.10, but rose to a high of $10.46. Over the last five days, the stock has lost -6.01%. OneSpaWorld Holdings Limited shares have risen nearly 8.90% since the year began. Nevertheless, the stocks have risen 1.60% over the past one year. While a 52-week high of $10.99 was reached on 01/18/23, a 52-week low of $6.80 was recorded on 01/04/23. SMA at 50 days reached $10.02, while 200 days put it at $9.09. A total of 0.56 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For OSW Stock

The 24-hour chart illustrates a support level at 10.02, which if violated will result in even more drops to 9.88. On the upside, there is a resistance level at 10.38. A further resistance level may holdings at 10.60. The Relative Strength Index (RSI) on the 14-day chart is 52.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.39%. Stochastics %K at 72.90% indicates the stock is a holding.

How much short interest is there in OneSpaWorld Holdings Limited?

A steep rise in short interest was recorded in OneSpaWorld Holdings Limited stocks on Oct 13, 2022, dropping by -0.25 million shares to a total of 5.4 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 5.65 million shares. There was a decline of -4.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 9.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 14.74.

OneSpaWorld Holdings Limited [OSW] – Who Are The Largest Shareholders?

In filings from Ariel Investments LLC, it is revealed that the company now owns 17,036,969 shares, or roughly 21.55% of the outstanding OSW shares. In other words, the investor’s shares have risen by 137,418 from its previous 13-F filing of 16899551.0. Additionally, Select Equity Group LP increased 8.16% of its stake after which the total value it holdings stand at $65,098,461, while Channing Capital Management LLC added 16.55% of its stake to hold $57.21 million in the firm. Over the last quarter, Templeton Investment Counsel LLC sold -367,121 shares of OneSpaWorld Holdings Limited, while BlackRock Fund Advisors sold -41,671 shares. At present, NewSouth Capital Management, Inc. is holding 3,236,406 shares valued at $30.2 million. Fidelity Management & Research Co owned 2,753,350 shares of the company at the time of its most recent 13F filing, worth $25.69 million.

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