Life Time Group (NYSE:LTH) Sets New 1-Year High – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Craig Hallum upped their price objective 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, January 22nd. Mizuho upped their target price on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted 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. Guggenheim reissued a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Finally, Northland Securities lifted their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.77.

Life Time Group Price Performance

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 company has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $23.85. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 0.71 and a beta of 1.89.

Insider Buying and Selling

In other Life Time Group 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 transaction of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Parham Javaheri sold 168,000 shares of the company’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 in the company, 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. Insiders have sold a total of 248,406 shares of company stock worth $6,317,748 in the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Large investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new position in Life Time Group in the 4th quarter valued at about $42,000. Farther Finance Advisors LLC raised its position in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Life Time Group during the third quarter valued at approximately $60,000. Blue Trust Inc. boosted its position in Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after acquiring an additional 2,280 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in Life Time Group in the 4th quarter worth approximately $98,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.