Life Time Group (NYSE:LTH) Sets New 52-Week High – Time to Buy?

Life Time Group Holdings, Inc. (NYSE:LTH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.59 and last traded at $32.37, with a volume of 115304 shares trading hands. The stock had previously closed at $32.34.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LTH. Craig Hallum upped their price objective on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Oppenheimer upped their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Northland Securities increased their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company increased their price target on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Guggenheim reiterated a “buy” rating and set a $32.00 price target (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Life Time Group Trading Up 1.1 %

The business has a 50 day simple moving average of $26.10 and a 200-day simple moving average of $24.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market capitalization of $6.76 billion, a P/E ratio of 47.37, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This represents a 1.77 % 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 the stock in a transaction on 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 sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $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 ninety days, insiders sold 250,147 shares of company stock valued at $6,369,316. 12.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PharVision Advisers LLC purchased a new position in shares of Life Time Group during the fourth quarter valued at $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Life Time Group by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock worth $2,985,000 after acquiring an additional 34,727 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Life Time Group by 413.3% in the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock worth $4,654,000 after acquiring an additional 169,402 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Life Time Group in the 4th quarter worth about $1,478,000. Finally, Two Sigma Investments LP lifted its stake in Life Time Group by 107.7% in the 4th quarter. Two Sigma Investments LP now owns 103,826 shares of the company’s stock worth $2,297,000 after acquiring an additional 53,830 shares in 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.