Life Time Group (NYSE:LTH) Hits New 1-Year High – What’s Next?

Life Time Group Holdings, Inc. (NYSE:LTH) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $37.48 and last traded at $36.46, with a volume of 456 shares. The stock had previously closed at $36.92.

Analysts Set New Price Targets

LTH has been the subject of a number of research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a report on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Life Time Group in a report on Tuesday, May 5th. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Life Time Group in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

Life Time Group Trading Up 1.5%

The stock has a market capitalization of $8.34 billion, a PE ratio of 21.99, a PEG ratio of 1.52 and a beta of 1.55. The stock’s 50 day moving average price is $31.37 and its 200-day moving average price is $28.75. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. Life Time Group’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 EPS. On average, sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John G. Danhakl sold 4,991,749 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the sale, the director owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88. Following the sale, the insider directly owned 2,431,203 shares in the company, valued at $76,485,646.38. This trade represents a 23.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,876,110 shares of company stock worth $854,609,979 over the last ninety days. Corporate insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Life Time Group by 140.4% during the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after acquiring an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Life Time Group by 25.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after purchasing an additional 14,267 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Life Time Group by 143.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after purchasing an additional 1,428,446 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Life Time Group during the 1st quarter valued at about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Life Time Group by 47.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after purchasing an additional 64,348 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 (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.