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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.81 and last traded at $41.6210, with a volume of 1126128 shares traded. The stock had previously closed at $41.13.

Analyst Upgrades and Downgrades

LTH has been the topic of several research analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. Wells Fargo & Company increased their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Jefferies Financial Group raised their price objective on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Mizuho raised their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada lifted their target price on Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Life Time Group Trading Up 0.8%

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The company has a fifty day moving average of $34.02 and a 200-day moving average of $29.82. The firm has a market capitalization of $9.23 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, Director John G. Danhakl sold 2,208,580 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the completion of the sale, the director directly owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. The trade was a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Kristofer Galashan sold 2,208,580 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the transaction, the director owned 11,027,703 shares in the company, valued at approximately $315,392,305.80. This trade represents a 16.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,943,861 shares of company stock worth $857,228,555 in the last quarter. Corporate insiders own 13.30% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of LTH. GAMMA Investing LLC increased its position in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after buying an additional 721 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Life Time Group in the third quarter worth about $40,000. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Life Time Group during the 4th quarter valued at about $73,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.