OneSpaWorld (NASDAQ:OSW) Reaches New 52-Week High - Should You Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.42 and last traded at $21.95, with a volume of 308 shares changing hands. The stock had previously closed at $21.84.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of OneSpaWorld from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Truist Financial raised their price objective on OneSpaWorld from $17.00 to $22.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd.

OneSpaWorld Price Performance

The business's fifty day simple moving average is $20.06 and its 200 day simple moving average is $17.94. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.29 and a current ratio of 1.84. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 44.29 and a beta of 2.10.

Insider Buying and Selling at OneSpaWorld

In related news, Director Walter Field Mclallen sold 18,000 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $20.40, for a total value of $367,200.00. Following the completion of the sale, the director now directly owns 170,917 shares of the company's stock, valued at $3,486,706.80. The trade was a 9.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OneSpaWorld

Several hedge funds and other institutional investors have recently made changes to their positions in OSW. Moran Wealth Management LLC grew its holdings in OneSpaWorld by 5.0% during the fourth quarter. Moran Wealth Management LLC now owns 36,986 shares of the company's stock worth $736,000 after acquiring an additional 1,767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of OneSpaWorld by 76.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 135,446 shares of the company's stock valued at $2,695,000 after purchasing an additional 58,695 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of OneSpaWorld in the 4th quarter worth approximately $13,819,000. Victory Capital Management Inc. lifted its stake in OneSpaWorld by 24.9% during the fourth quarter. Victory Capital Management Inc. now owns 114,940 shares of the company's stock valued at $2,287,000 after purchasing an additional 22,935 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in OneSpaWorld by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 856,566 shares of the company's stock worth $17,046,000 after buying an additional 3,620 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors and hedge funds.

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.