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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) hit a new 52-week high on Monday . The stock traded as high as $41.79 and last traded at $40.5490, with a volume of 9440937 shares trading hands. The stock had previously closed at $41.01.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LTH shares. Mizuho lifted their price objective on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. KeyCorp started coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price for the company. Northland Securities raised their price target on shares of Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley boosted their price target on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Oppenheimer upped their price objective on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $43.09.

Life Time Group Stock Performance

The company has a 50-day moving average price of $32.48 and a two-hundred day moving average price of $29.19. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $9.06 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.69 and a beta of 1.55.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (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 company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current year.

Insiders Place Their Bets

In other Life Time Group news, Director John Kristofer Galashan sold 2,208,580 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $63,165,388.00. Following the transaction, the director directly owned 11,027,703 shares of the company’s stock, valued at approximately $315,392,305.80. The trade was a 16.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John G. Danhakl sold 2,208,580 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $63,165,388.00. Following the transaction, the director owned 11,027,703 shares in the company, valued at $315,392,305.80. The trade was a 16.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,943,861 shares of company stock valued at $857,228,555 in the last 90 days. Company insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted 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 worth $32,000 after acquiring an additional 721 shares in the last quarter. Wexford Capital LP bought a new stake in Life Time Group in the third quarter valued at $40,000. EverSource Wealth Advisors LLC increased its stake in 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 purchasing an additional 1,002 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Life Time Group during the fourth quarter valued at about $73,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Life Time Group by 74.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after purchasing an additional 1,225 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

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.