Life Time Group (NYSE:LTH) Hits New 12-Month High – Should You Buy?

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) hit a new 52-week high on Wednesday . The stock traded as high as $30.00 and last traded at $29.60, with a volume of 2339669 shares. The stock had previously closed at $28.87.

Analysts Set New Price Targets

LTH has been the subject of a number of recent analyst reports. Craig Hallum boosted their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Mizuho boosted their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Finally, Morgan Stanley raised their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Life Time Group Trading Up 1.5 %

The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 0.71 and a beta of 1.89. The business’s 50-day moving average price is $24.35 and its 200 day moving average price is $23.85. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction 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 $4,790,650. The trade was a 11.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 248,406 shares of company stock valued at $6,317,748 in the last ninety days. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of Life Time Group by 146.8% in 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 during the last quarter. Franklin Resources Inc. acquired a new position in Life Time Group in the third quarter worth $593,000. Quadrature Capital Ltd acquired a new stake in shares of Life Time Group during the third quarter worth $697,000. JPMorgan Chase & Co. raised its holdings in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after purchasing an additional 356,255 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.