Life Time Group (NYSE:LTH) Sets New 52-Week High – Should You Buy?

Life Time Group Holdings, Inc. (NYSE:LTH) shares reached a new 52-week high on Monday . The company traded as high as $43.40 and last traded at $42.6340, with a volume of 2461232 shares. The stock had previously closed at $42.15.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Guggenheim increased their target price on shares of Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Royal Bank Of Canada lifted their price target on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Jefferies Financial Group increased their price target on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Morgan Stanley lifted their price objective on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average price target of $44.73.

Life Time Group Trading Up 2.7%

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 market cap of $9.63 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51. The business has a 50 day simple moving average of $36.36 and a 200 day simple moving average of $30.79.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current year.

Insider Activity

In other Life Time Group news, Director John G. Danhakl sold 4,991,749 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares in the company, valued at $510,985,369.18. The trade was a 23.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 27,943,861 shares of company stock valued at $857,228,555. 13.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently modified their holdings of the business. Handelsbanken Fonder AB lifted its stake in Life Time Group by 138.3% in the second quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after buying an additional 36,800 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Life Time Group by 36.6% in the second quarter. GAMMA Investing LLC now owns 3,844 shares of the company’s stock valued at $157,000 after purchasing an additional 1,029 shares during the period. Avior Wealth Management LLC bought a new position in shares of Life Time Group during the second quarter worth approximately $459,000. Versant Capital Management Inc raised its stake in Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after purchasing an additional 1,339 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Life Time Group by 49.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares in the last quarter. 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.