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

Life Time Group Holdings, Inc. (NYSE:LTH) shares reached a new 52-week high on Monday . The company traded as high as $25.80 and last traded at $25.80, with a volume of 1209 shares. The stock had previously closed at $25.27.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LTH shares. Northland Securities boosted their price target on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Craig Hallum started coverage on shares of Life Time Group in a research note on Friday, July 19th. They set a “buy” rating and a $30.00 price target on the stock. Bank of America lifted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Royal Bank of Canada increased their target price on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their target price on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.64.

Life Time Group Trading Up 1.4 %

The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $24.14 and a 200-day moving average price of $19.61. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 72.28, a P/E/G ratio of 3.20 and a beta of 1.87.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm had revenue of $667.80 million for the quarter, compared to analyst estimates of $634.92 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s revenue was up 18.9% on a year-over-year basis. Research analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the firm’s 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 sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after buying an additional 563 shares during the period. Dnca Finance acquired a new position in Life Time Group during the second quarter worth $72,000. SG Americas Securities LLC bought a new position in shares of Life Time Group during the second quarter valued at $141,000. Hsbc Holdings PLC acquired a new stake in shares of Life Time Group in the 2nd quarter valued at $192,000. Finally, Entropy Technologies LP bought a new stake in shares of Life Time Group in the 1st quarter worth about $198,000. Institutional investors and hedge funds 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.