Life Time Group (NYSE:LTH) Hits New 52-Week High on Analyst Upgrade

Life Time Group Holdings, Inc. (NYSE:LTH) reached a new 52-week high during trading on Thursday after Mizuho raised their price target on the stock from $32.00 to $38.00. Mizuho currently has an outperform rating on the stock. Life Time Group traded as high as $28.86 and last traded at $28.45, with a volume of 1913698 shares trading hands. The stock had previously closed at $28.30.

Other analysts also recently issued research reports about the company. Evercore ISI assumed coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $32.00 price target (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Northland Securities raised their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Craig Hallum increased their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Insider Buying and Selling

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 241,596 shares of company stock valued at $6,113,448. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its holdings in shares of Life Time Group by 146.8% during the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after acquiring an additional 108,283 shares in the last quarter. American Century Companies Inc. boosted its position in Life Time Group by 402.6% during the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Franklin Resources Inc. purchased a new position in Life Time Group in the third quarter valued at about $593,000. Quadrature Capital Ltd acquired a new position in Life Time Group in the 3rd quarter worth about $697,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Up 0.3 %

The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.89. The company has a fifty day moving average price of $23.95 and a 200-day moving average price of $23.54. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same quarter last year, the firm earned $0.09 earnings per share. Life Time Group’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Life Time Group Company Profile

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.