OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High – Time to Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.28 and last traded at $20.22, with a volume of 399307 shares. The stock had previously closed at $19.28.

Analyst Ratings Changes

Separately, Truist Financial increased their price objective on OneSpaWorld from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd.

OneSpaWorld Trading Up 4.9 %

The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 39.35 and a beta of 2.13. The business’s 50 day moving average price is $18.20 and its 200-day moving average price is $16.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.84 and a quick ratio of 1.29.

OneSpaWorld Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Wednesday, November 20th. OneSpaWorld’s payout ratio is 32.65%.

Insider Activity

In related news, CFO Stephen Lazarus sold 170,339 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $16.91, for a total value of $2,880,432.49. Following the sale, the chief financial officer now owns 556,581 shares in the company, valued at $9,411,784.71. This represents a 23.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew R. Heyer sold 75,000 shares of OneSpaWorld stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $18.68, for a total value of $1,401,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 319,810 shares of company stock valued at $5,644,816 in the last three months. 5.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On OneSpaWorld

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in OneSpaWorld by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company’s stock worth $39,869,000 after acquiring an additional 141,578 shares during the period. Barclays PLC boosted its holdings in OneSpaWorld by 177.8% in the third quarter. Barclays PLC now owns 198,549 shares of the company’s stock valued at $3,278,000 after acquiring an additional 127,074 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in OneSpaWorld during the third quarter valued at about $9,267,000. Y Intercept Hong Kong Ltd increased its stake in OneSpaWorld by 74.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 41,040 shares of the company’s stock worth $678,000 after acquiring an additional 17,559 shares during the last quarter. Finally, Zacks Investment Management raised its holdings in shares of OneSpaWorld by 13.3% in the 3rd quarter. Zacks Investment Management now owns 16,052 shares of the company’s stock worth $265,000 after purchasing an additional 1,881 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.