OneSpaWorld (NASDAQ:OSW) Sets New 52-Week High – Still a Buy?

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW) reached a new 52-week high on Wednesday . The company traded as high as $19.14 and last traded at $18.56, with a volume of 57458 shares changing hands. The stock had previously closed at $18.08.

Analyst Upgrades and Downgrades

Separately, TD Cowen upped their price target on OneSpaWorld from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, August 1st.

OneSpaWorld Price Performance

The firm has a market capitalization of $1.98 billion, a P/E ratio of 38.80 and a beta of 2.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.49 and a current ratio of 1.84. The business has a 50 day simple moving average of $16.66 and a two-hundred day simple moving average of $15.71.

OneSpaWorld Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be given a $0.04 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.16 annualized dividend and a yield of 0.84%. OneSpaWorld’s dividend payout ratio (DPR) is presently 32.65%.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld 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 completion of the sale, the chief financial officer now owns 556,581 shares of the company’s stock, valued at $9,411,784.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 244,810 shares of company stock worth $4,243,816 over the last 90 days. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On OneSpaWorld

Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC raised its position in OneSpaWorld by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,997 shares of the company’s stock valued at $198,000 after purchasing an additional 1,181 shares during the last quarter. Emerald Advisers LLC increased its position in shares of OneSpaWorld by 3.7% during the third quarter. Emerald Advisers LLC now owns 65,498 shares of the company’s stock valued at $1,081,000 after buying an additional 2,310 shares during the period. Principal Financial Group Inc. lifted its holdings in OneSpaWorld by 20.9% in the second quarter. Principal Financial Group Inc. now owns 13,572 shares of the company’s stock worth $209,000 after buying an additional 2,350 shares during the period. Kings Path Partners LLC grew its holdings in shares of OneSpaWorld by 3.2% during the 3rd quarter. Kings Path Partners LLC now owns 77,145 shares of the company’s stock worth $1,274,000 after acquiring an additional 2,380 shares during the period. Finally, Quarry LP lifted its stake in shares of OneSpaWorld by 178.9% in the 2nd quarter. Quarry LP now owns 4,306 shares of the company’s stock valued at $66,000 after purchasing an additional 2,762 shares during the period. 95.98% of the stock is currently owned by institutional investors.

OneSpaWorld Company 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.