Life Time Group (NYSE:LTH) Shares Gap Up – Time to Buy?

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $25.07, but opened at $26.40. Life Time Group shares last traded at $25.49, with a volume of 388,789 shares traded.

Wall Street Analyst Weigh In

LTH has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price target on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday. Guggenheim reaffirmed a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research report on Friday. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Finally, Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.75.

Life Time Group Price Performance

The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.73 billion, a P/E ratio of 40.10, a P/E/G ratio of 1.02 and a beta of 1.89. The firm has a 50 day moving average of $23.63 and a 200-day moving average of $23.27.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 company had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Amalgamated Bank grew its holdings in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group during the third quarter worth about $60,000. Blue Trust Inc. increased its holdings in shares of Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after acquiring an additional 2,280 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after buying an additional 3,650 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

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.