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

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

Wall Street Analyst Weigh In

Several research firms have weighed in on LTH. Wells Fargo & Company increased their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Mizuho raised their price target 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. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Northland Securities increased their price objective on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Finally, Morgan Stanley boosted their price objective 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Life Time Group Stock Down 0.7 %

The business has a 50-day simple moving average of $25.18 and a 200-day simple moving average of $24.35. 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 company has a market cap of $6.47 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94.

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on 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 directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now directly 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. Over the last 90 days, insiders have sold 250,147 shares of company stock valued at $6,369,316. 12.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in shares of Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after purchasing an additional 108,283 shares during the period. Franklin Resources Inc. acquired a new position in Life Time Group in the 3rd quarter worth $593,000. Quadrature Capital Ltd purchased a new position in Life Time Group in the 3rd quarter valued at about $697,000. JPMorgan Chase & Co. grew its stake in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after acquiring an additional 356,255 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the last quarter. 79.40% of the stock is currently 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.