Life Time Group (NYSE:LTH) Hits New 1-Year High – Should You Buy?

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) hit a new 52-week high on Friday . The stock traded as high as $27.26 and last traded at $26.59, with a volume of 4958058 shares traded. The stock had previously closed at $25.07.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price target on shares of Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Northland Securities raised their target price on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.89.

Life Time Group Stock Up 6.1 %

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 stock’s fifty day simple moving average is $23.54 and its two-hundred day simple moving average is $23.19. The stock has a market capitalization of $5.50 billion, a P/E ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’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 sale, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of institutional investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in shares of Life Time Group by 32.7% in the 2nd quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock valued at $1,745,000 after purchasing an additional 22,836 shares during the period. American Century Companies Inc. lifted its stake in Life Time Group by 402.6% in the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after buying an additional 83,654 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after buying an additional 770,766 shares in the last quarter. Amalgamated Bank grew its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after buying an additional 563 shares during the period. Finally, Blair William & Co. IL acquired a new stake in Life Time Group in the second quarter worth $905,000. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.