Life Time Group (NYSE:LTH) Reaches New 1-Year High – Time to Buy?

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

Analyst Ratings Changes

LTH has been the subject of a number of research reports. Craig Hallum lifted their target price on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their target price 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. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target for the company. Finally, Guggenheim reissued a “buy” rating and set a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.77.

Life Time Group Price Performance

The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average is $25.32 and its 200-day moving average is $24.42.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % 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, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 250,147 shares of company stock valued at $6,369,316. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter valued at approximately $42,000. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Life Time Group in the third quarter valued at $60,000. Blue Trust Inc. raised its position in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Life Time Group during the 4th quarter worth about $88,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.