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

OneSpaWorld logo with Consumer Discretionary background

Shares of OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $18.63 and last traded at $18.06, with a volume of 12310 shares traded. The stock had previously closed at $17.45.

Analyst Upgrades and Downgrades

Separately, TD Cowen lifted their price target on OneSpaWorld from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, August 1st.

Get Our Latest Stock Analysis on OneSpaWorld

OneSpaWorld Stock Up 2.7 %

The company has a current ratio of 2.03, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $16.35 and a 200-day moving average of $15.49. The stock has a market cap of $1.88 billion, a PE ratio of 39.53 and a beta of 2.14.

OneSpaWorld (NASDAQ:OSW - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. OneSpaWorld had a net margin of 6.26% and a return on equity of 13.67%. The business had revenue of $224.89 million during the quarter, compared to the consensus estimate of $220.61 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. Equities research analysts predict that OneSpaWorld Holdings Limited will post 0.73 EPS for the current fiscal year.

Insider Transactions at OneSpaWorld

In other news, CFO Stephen Lazarus sold 8,271 shares of OneSpaWorld stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $16.75, for a total value of $138,539.25. Following the sale, the chief financial officer now owns 726,920 shares of the company's stock, valued at $12,175,910. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other OneSpaWorld news, Director Andrew R. Heyer sold 6,000 shares of the firm's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $14.57, for a total value of $87,420.00. Following the completion of the sale, the director now owns 467,145 shares of the company's stock, valued at approximately $6,806,302.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Stephen Lazarus sold 8,271 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $16.75, for a total transaction of $138,539.25. Following the transaction, the chief financial officer now directly owns 726,920 shares in the company, valued at approximately $12,175,910. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,904 shares of company stock worth $3,111,316 over the last 90 days. 5.00% of the stock is currently owned by insiders.

Institutional Trading of OneSpaWorld

Institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its position in shares of OneSpaWorld by 178.9% in the second quarter. Quarry LP now owns 4,306 shares of the company's stock valued at $66,000 after buying an additional 2,762 shares in the last quarter. Principal Financial Group Inc. purchased a new position in OneSpaWorld during the 1st quarter valued at about $148,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of OneSpaWorld by 13,242.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 11,341 shares of the company's stock valued at $174,000 after purchasing an additional 11,256 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of OneSpaWorld by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 14,997 shares of the company's stock worth $198,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in OneSpaWorld during the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 95.98% of the company's stock.

About OneSpaWorld

(Get Free Report)

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.

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