Life Time Group (NYSE:LTH) Sets New 12-Month High – Should You Buy?

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.63 and last traded at $30.61, with a volume of 1551248 shares changing hands. The stock had previously closed at $29.71.

Wall Street Analysts Forecast Growth

LTH has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Oppenheimer raised their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Evercore ISI started coverage on shares of Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Mizuho raised their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.77.

Life Time Group Price Performance

The company’s 50-day moving average price is $24.65 and its two-hundred day moving average price is $24.07. The company has a market cap of $6.34 billion, a P/E ratio of 44.37, a P/E/G ratio of 0.72 and a beta of 1.94. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Insider Transactions at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total transaction of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at approximately $4,086,600. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 248,406 shares of company stock valued at $6,317,748. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Life Time Group by 105.8% during the 3rd 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 period. R Squared Ltd acquired a new position in Life Time Group during the 4th quarter valued at about $42,000. Point72 Hong Kong Ltd acquired a new position in Life Time Group during the 3rd quarter valued at about $60,000. Blue Trust Inc. boosted its stake in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares during the period. Finally, Principal Securities Inc. acquired a new position in Life Time Group during the 4th quarter valued at about $98,000. 79.40% of the stock is owned by institutional investors and hedge funds.

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.