Life Time Group (NYSE:LTH) Reaches New 12-Month High – Still a Buy?

Life Time Group Holdings, Inc. (NYSE:LTH)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.30 and last traded at $41.8070, with a volume of 1562388 shares traded. The stock had previously closed at $41.89.

Analyst Upgrades and Downgrades

LTH has been the topic of several research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research note on Wednesday, May 6th. Northland Securities lifted their price target on shares of Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Oppenheimer increased their price objective on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Jefferies Financial Group lifted their target price on shares of Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and a consensus target price of $44.00.

Life Time Group Stock Down 0.9%

The firm has a market cap of $9.24 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.51. The firm’s 50 day moving average is $35.24 and its two-hundred day moving average is $30.26. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.39 earnings per share. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, Director Jimena Almendares sold 40,589 shares of the stock in a transaction dated Wednesday, June 10th. The stock was 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 directly owned 36,983 shares in the company, valued at $1,242,258.97. This represents a 52.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Partners Group Private Equity sold 329,921 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $9,435,740.60. Following the completion of the sale, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. The trade was a 16.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,943,861 shares of company stock worth $857,228,555 over the last 90 days. 13.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Life Time Group Company Profile

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.