OneSpaWorld (NASDAQ:OSW) Hits New 1-Year High - Should You Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report)'s stock price reached a new 52-week high during mid-day trading 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 increased 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 Trading Up 5.4 %

The business's 50 day simple moving average is $16.58 and its 200 day simple moving average is $15.69. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 38.90 and a beta of 2.13. The company has a quick ratio of 1.49, a current ratio of 2.03 and a debt-to-equity ratio of 0.23.

OneSpaWorld Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 20th. OneSpaWorld's payout ratio is currently 32.65%.

Insider Buying and Selling at OneSpaWorld

In other OneSpaWorld news, CFO Stephen Lazarus sold 170,339 shares of the firm's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $16.91, for a total transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 244,810 shares of company stock worth $4,243,816 over the last 90 days. Company insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On OneSpaWorld

A number of institutional investors have recently made changes to their positions in OSW. Divisadero Street Capital Management LP bought a new stake in shares of OneSpaWorld in the second quarter valued at about $7,685,000. New South Capital Management Inc. boosted its holdings in OneSpaWorld by 10.4% in the 1st quarter. New South Capital Management Inc. now owns 2,651,046 shares of the company's stock valued at $35,073,000 after purchasing an additional 250,217 shares during the period. Marshall Wace LLP grew its position in shares of OneSpaWorld by 92.1% during the 2nd quarter. Marshall Wace LLP now owns 444,911 shares of the company's stock worth $6,838,000 after purchasing an additional 213,328 shares in the last quarter. Royce & Associates LP bought a new position in shares of OneSpaWorld during the third quarter worth approximately $2,295,000. Finally, Renaissance Technologies LLC raised its position in shares of OneSpaWorld by 11.2% in the second quarter. Renaissance Technologies LLC now owns 1,331,413 shares of the company's stock valued at $20,464,000 after buying an additional 134,205 shares in the last quarter. Institutional investors own 95.98% of the company's stock.

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.