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

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $41.81 and last traded at $41.6210, with a volume of 1126128 shares. The stock had previously closed at $41.13.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LTH. Guggenheim upped their price target on Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday, June 15th. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Oppenheimer boosted their target price on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Mizuho upped their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, KeyCorp initiated coverage on shares of Life Time Group in a report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. One research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Life Time Group Stock Performance

The business has a fifty day simple moving average of $34.62 and a two-hundred day simple moving average of $30.04. 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 company has a market cap of $9.31 billion, a P/E ratio of 24.47, a P/E/G ratio of 1.73 and a beta of 1.51.

Life Time Group (NYSE:LTH) last released its quarterly earnings results 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 business 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 company posted $0.39 EPS. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 EPS for the current year.

Insider Activity at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 329,921 shares of Life Time Group stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the transaction, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. This trade represents a 16.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John G. Danhakl sold 2,208,580 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,943,861 shares of company stock valued at $857,228,555 in the last three months. Corporate insiders own 13.30% of the company’s stock.

Institutional Trading of Life Time Group

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after buying an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after acquiring an additional 1,068,208 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after acquiring an additional 2,091,712 shares in the last quarter. Wellington Management Group LLP raised its stake in Life Time Group by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after acquiring an additional 34,964 shares during the period. Finally, Bank of America Corp DE raised its stake in Life Time Group by 102.1% during the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after acquiring an additional 2,156,033 shares during the period. Institutional investors 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.