OneSpaWorld (NASDAQ:OSW) Hits New 12-Month High – Still a Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $23.01 and last traded at $22.84, with a volume of 1244131 shares. The stock had previously closed at $22.50.

Wall Street Analysts Forecast Growth

OSW has been the topic of several recent research reports. Stifel Nicolaus upped their price target on shares of OneSpaWorld from $24.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Truist Financial raised their target price on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

OneSpaWorld Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $20.49 and its two-hundred day simple moving average is $18.29. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 30.21 and a beta of 2.10.

Insider Transactions at OneSpaWorld

In other OneSpaWorld news, Director Walter Field Mclallen sold 18,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $20.40, for a total transaction of $367,200.00. Following the transaction, the director now owns 170,917 shares of the company’s stock, valued at approximately $3,486,706.80. The trade was a 9.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Trading of OneSpaWorld

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in OneSpaWorld by 54.0% during the 3rd quarter. FMR LLC now owns 4,137,525 shares of the company’s stock valued at $68,311,000 after acquiring an additional 1,451,283 shares during the period. Raymond James Financial Inc. purchased a new stake in OneSpaWorld during the 4th quarter worth approximately $54,789,000. Vanguard Group Inc. boosted its position in OneSpaWorld by 5.2% in the 4th quarter. Vanguard Group Inc. now owns 2,728,953 shares of the company’s stock valued at $54,306,000 after buying an additional 135,923 shares during the period. Dimensional Fund Advisors LP increased its position in shares of OneSpaWorld by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,612,894 shares of the company’s stock worth $51,997,000 after acquiring an additional 120,979 shares during the period. Finally, Capital International Investors raised its stake in shares of OneSpaWorld by 17.7% in the fourth quarter. Capital International Investors now owns 2,531,129 shares of the company’s stock valued at $50,369,000 after acquiring an additional 380,611 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

About OneSpaWorld

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.