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

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $47.72 and last traded at $47.7430, with a volume of 1,344,289 shares traded. The stock had previously closed at $44.57.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LTH shares. Barclays began coverage on shares of Life Time Group in a research note on Monday, October 26th. They issued an “overweight” rating and a $51.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Life Time Group in a report on Friday, October 30th. Guggenheim upped their price objective on shares of Life Time Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $54.00 target price on Life Time Group in a research report on Friday, July 31st. Fifteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.14.

Life Time Group Stock Down 1.4%

The business has a fifty day simple moving average of $41.75 and a 200 day simple moving average of $35.62. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.49 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.73 and a quick ratio of 0.63.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The firm had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. During the same period in the previous year, the company posted $0.41 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.63 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other news, CEO Bahram Akradi sold 264,000 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $45.04, for a total transaction of $11,890,560.00. Following the completion of the sale, the chief executive officer owned 3,351,086 shares in the company, valued at $150,932,913.44. This trade represents a 7.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John G. Danhakl sold 2,879,154 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the sale, the director directly owned 3,029,450 shares of the company’s stock, valued at $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,214,115 shares of company stock worth $272,178,518 in the last 90 days. 13.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of 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 valued at $217,929,000 after purchasing an additional 1,068,208 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after purchasing an additional 99,154 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Life Time Group by 18.1% during the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after purchasing an additional 397,248 shares during the period. The Manufacturers Life Insurance Company grew its position in Life Time Group by 38.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock valued at $47,031,000 after buying an additional 487,478 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after buying an additional 380,610 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.