OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High – Should You Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW) shares reached a new 52-week high during trading on Friday . The stock traded as high as $20.70 and last traded at $20.01, with a volume of 512 shares traded. The stock had previously closed at $20.03.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on 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 price target on OneSpaWorld from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd.

OneSpaWorld Stock Down 0.6 %

The company has a current ratio of 1.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.07 billion, a PE ratio of 40.71 and a beta of 2.10. The firm has a 50 day simple moving average of $19.53 and a two-hundred day simple moving average of $17.53.

OneSpaWorld Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th were issued a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.16 annualized dividend and a yield of 0.80%. OneSpaWorld’s dividend payout ratio is presently 32.65%.

Insider Buying and Selling

In other news, CFO Stephen Lazarus sold 65,906 shares of OneSpaWorld stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $18.51, for a total value of $1,219,920.06. Following the completion of the sale, the chief financial officer now owns 490,675 shares of the company’s stock, valued at $9,082,394.25. The trade was a 11.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.68, for a total value of $1,401,000.00. Following the completion of the sale, the director now directly owns 545,432 shares of the company’s stock, valued at approximately $10,188,669.76. This represents a 12.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,906 shares of company stock valued at $2,988,120. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC boosted its position in shares of OneSpaWorld by 53.5% in the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company’s stock worth $10,166,000 after buying an additional 214,557 shares during the period. State Street Corp boosted its position in shares of OneSpaWorld by 3.0% in the third quarter. State Street Corp now owns 2,148,522 shares of the company’s stock worth $35,472,000 after buying an additional 61,568 shares during the period. Royce & Associates LP purchased a new stake in shares of OneSpaWorld in the third quarter worth about $2,295,000. Driehaus Capital Management LLC boosted its position in shares of OneSpaWorld by 6.1% in the second quarter. Driehaus Capital Management LLC now owns 1,867,527 shares of the company’s stock worth $28,704,000 after buying an additional 106,910 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of OneSpaWorld by 6.2% in the third quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock worth $39,869,000 after buying an additional 141,578 shares during the period. Hedge funds and other institutional investors 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.