Life Time Group (NYSE:LTH) Sets New 52-Week High – Here’s What Happened

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $32.59 and last traded at $32.37, with a volume of 115304 shares changing hands. The stock had previously closed at $32.34.

Analyst Ratings Changes

LTH has been the topic of several research reports. Northland Securities upped their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Oppenheimer upped their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Finally, Craig Hallum upped their target price on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Life Time Group Trading Down 1.9 %

The business has a 50 day simple moving average of $26.48 and a 200-day simple moving average of $24.94. 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 stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 47.27, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total value of $204,300.00. Following the transaction, the executive vice president now directly owns 136,220 shares in the company, valued at $4,086,600. This trade represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 250,147 shares of company stock valued at $6,369,316. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Large investors have recently modified their holdings of the company. Jane Street Group LLC raised 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 worth $4,446,000 after purchasing an additional 108,283 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Life Time Group during the 3rd quarter valued at about $593,000. Quadrature Capital Ltd purchased a new stake in shares of Life Time Group during the 3rd quarter valued at about $697,000. JPMorgan Chase & Co. raised its holdings in shares of Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after buying an additional 356,255 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Life Time Group by 105.8% during the 3rd 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 period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.