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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $35.33 and last traded at $34.8990, with a volume of 1630713 shares. The stock had previously closed at $34.25.

Analyst Ratings Changes

Several analysts recently issued reports on LTH shares. Mizuho upped their price target on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley upped their target price on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Finally, KeyCorp started coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.80.

Life Time Group Stock Up 6.8%

The firm’s 50 day simple moving average is $31.03 and its 200 day simple moving average is $28.62. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. 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 announced its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same quarter in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, Director Jimena Almendares sold 40,589 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total value of $1,363,384.51. Following the completion of the sale, the director owned 36,983 shares of the company’s stock, valued at $1,242,258.97. This represents a 52.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Kristofer Galashan sold 2,208,580 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. This represents a 16.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,876,110 shares of company stock valued at $854,609,979. 13.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Kestra Advisory Services LLC increased its stake in shares of Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after acquiring an additional 420 shares during the period. Harbour Investments Inc. lifted its position in Life Time Group by 8.8% in the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after purchasing an additional 516 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after purchasing an additional 587 shares in the last quarter. Strs Ohio boosted its stake in Life Time Group by 10.0% during the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $175,000 after purchasing an additional 600 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Life Time Group by 13.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after purchasing an additional 717 shares during the period. 79.40% of the stock is currently owned by institutional investors.

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.