Life Time Group (NYSE:LTH) Reaches New 1-Year High at $24.82

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $24.82 and last traded at $24.81, with a volume of 761378 shares. The stock had previously closed at $23.60.

Analyst Upgrades and Downgrades

A number of research firms have commented on LTH. Craig Hallum began coverage on shares of Life Time Group in a research note on Friday, July 19th. They issued a “buy” rating and a $30.00 price target for the company. Mizuho upped their target price on shares of Life Time Group from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. The Goldman Sachs Group raised their price target on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their price objective on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their target price on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.93.

Life Time Group Trading Up 5.4 %

The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average price is $20.59 and its two-hundred day moving average price is $16.72. The company has a market capitalization of $4.95 billion, a PE ratio of 68.81, a price-to-earnings-growth ratio of 3.92 and a beta of 1.86.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.46 earnings per share for the current year.

Insider Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi acquired 39,000 shares of the stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $16.76 per share, for a total transaction of $653,640.00. Following the completion of the purchase, the chief executive officer now owns 1,414,613 shares of the company’s stock, valued at $23,708,913.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Bahram Akradi acquired 39,000 shares of the stock in a transaction on Friday, May 31st. The stock was acquired at an average price of $16.76 per share, for a total transaction of $653,640.00. Following the completion of the purchase, the chief executive officer now owns 1,414,613 shares of the company’s stock, valued at $23,708,913.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LTH. Point72 Asset Management L.P. raised its stake in shares of Life Time Group by 24.8% in the second quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock worth $7,111,000 after purchasing an additional 75,054 shares during the last quarter. Algert Global LLC raised its stake in shares of Life Time Group by 52.8% in the second quarter. Algert Global LLC now owns 188,956 shares of the company’s stock worth $3,558,000 after purchasing an additional 65,334 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Life Time Group in the second quarter worth $408,000. Shellback Capital LP raised its stake in shares of Life Time Group by 28.2% in the second quarter. Shellback Capital LP now owns 341,000 shares of the company’s stock worth $6,421,000 after purchasing an additional 75,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Life Time Group by 22.0% in the second quarter. The Manufacturers Life Insurance Company now owns 37,370 shares of the company’s stock worth $704,000 after purchasing an additional 6,749 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.