OneSpaWorld (NASDAQ:OSW) Reaches New 12-Month High - Still a Buy?

OneSpaWorld Holdings Limited (NASDAQ:OSW - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $22.29 and last traded at $22.35, with a volume of 12871 shares. The stock had previously closed at $22.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OSW shares. Stifel Nicolaus lifted their price objective on OneSpaWorld from $24.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Truist Financial upped their price target on OneSpaWorld from $17.00 to $22.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd.

OneSpaWorld Trading Up 0.1 %

The company's fifty day moving average price is $20.29 and its two-hundred day moving average price is $18.14. The company has a quick ratio of 1.29, a current ratio of 1.84 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 45.92 and a beta of 2.10.

Insiders Place Their Bets

In related news, Director Walter Field Mclallen sold 18,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $20.40, for a total value of $367,200.00. Following the sale, the director now directly owns 170,917 shares in the company, valued at $3,486,706.80. This trade represents a 9.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.00% of the company's stock.

Hedge Funds Weigh In On OneSpaWorld

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC lifted its holdings in OneSpaWorld by 53.5% during the third quarter. Lord Abbett & CO. LLC now owns 615,730 shares of the company's stock worth $10,166,000 after acquiring an additional 214,557 shares in the last quarter. State Street Corp lifted its holdings in shares of OneSpaWorld by 3.0% during the 3rd quarter. State Street Corp now owns 2,148,522 shares of the company's stock valued at $35,472,000 after purchasing an additional 61,568 shares in the last quarter. Royce & Associates LP acquired a new position in shares of OneSpaWorld in the 3rd quarter valued at approximately $2,295,000. Geode Capital Management LLC raised its holdings in OneSpaWorld by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,414,363 shares of the company's stock worth $39,869,000 after buying an additional 141,578 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in OneSpaWorld by 55.6% in the third quarter. Victory Capital Management Inc. now owns 92,005 shares of the company's stock valued at $1,519,000 after buying an additional 32,888 shares in the last quarter. 95.98% of the stock is owned by institutional investors.

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.