Life Time Group (NYSE:LTH) Hits New 12-Month High – What’s Next?

Life Time Group Holdings, Inc. (NYSE:LTH)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.90 and last traded at $31.35, with a volume of 87430 shares trading hands. The stock had previously closed at $31.48.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LTH. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Northland Securities upped their target price on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Craig Hallum raised their price target on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their target price on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $31.77.

Life Time Group Price Performance

The company has a 50-day moving average of $25.32 and a 200-day moving average of $24.42. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94.

Insider Buying and Selling at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 250,147 shares of company stock valued at $6,369,316 in the last 90 days. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

A number of large investors have recently added to or reduced their stakes in LTH. Farther Finance Advisors LLC increased its holdings in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the last quarter. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter valued at about $42,000. Point72 Hong Kong Ltd acquired a new position in Life Time Group in the 3rd quarter valued at about $60,000. Blue Trust Inc. raised its holdings in Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after acquiring an additional 2,280 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Life Time Group during the fourth quarter worth approximately $88,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.