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

Life Time Group Holdings, Inc. (NYSE:LTH) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $30.00 and last traded at $29.60, with a volume of 2339669 shares. The stock had previously closed at $28.87.

Analyst Ratings Changes

Several equities research analysts have recently commented on LTH shares. Oppenheimer lifted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Guggenheim restated a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Northland Securities upped their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Mizuho increased their price target on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Three investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.77.

Life Time Group Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock’s fifty day moving average is $24.14 and its 200-day moving average is $23.74. The stock has a market capitalization of $6.13 billion, a PE ratio of 42.90, a P/E/G ratio of 0.71 and a beta of 1.89.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, the executive vice president now owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. This trade represents a 25.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,596 shares of company stock worth $6,113,448 in the last ninety days. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position 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 valued at $43,000 after acquiring an additional 906 shares in the last quarter. R Squared Ltd acquired a new stake in Life Time Group during the 4th quarter worth $42,000. Amalgamated Bank grew its holdings in shares of Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after buying an additional 563 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Life Time Group in the third quarter valued at about $60,000. Finally, Blue Trust Inc. lifted its stake in shares of Life Time Group by 345.5% in the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after buying an additional 2,280 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

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.