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

Life Time Group Holdings, Inc. (NYSE:LTH)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $44.61 and last traded at $44.5860, with a volume of 139864 shares trading hands. The stock had previously closed at $43.76.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LTH shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $49.00 price objective on shares of Life Time Group in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on Life Time Group from $38.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Guggenheim increased their price target on Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Weiss Ratings raised Life Time Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Life Time Group currently has an average rating of “Buy” and an average price target of $47.25.

Life Time Group Price Performance

The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.69 and a beta of 1.51. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $37.45 and a two-hundred day simple moving average of $31.45.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts predict that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In related news, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $23,506,219.88. Following the transaction, the insider directly owned 2,431,203 shares of the company’s stock, valued at $76,485,646.38. The trade was a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 4,991,749 shares of the business’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 completion of the sale, 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 SEC filing for this sale provides additional information. Insiders sold 27,943,861 shares of company stock valued at $857,228,555 over the last 90 days. 13.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after purchasing an additional 721 shares during the last quarter. Wexford Capital LP bought a new position in shares of Life Time Group in the third quarter valued at $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the 4th quarter valued at $73,000. Finally, Versant Capital Management Inc lifted its position 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 valued at $74,000 after acquiring an additional 1,339 shares during 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.