Life Time Group (NYSE:LTH) Reaches New 52-Week High – Should You Buy?

Life Time Group Holdings, Inc. (NYSE:LTH) shares hit a new 52-week high during trading on Monday . The company traded as high as $31.90 and last traded at $31.35, with a volume of 87430 shares trading hands. The stock had previously closed at $31.48.

Analyst Upgrades and Downgrades

LTH has been the subject of a number of recent research reports. Craig Hallum boosted their target price on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities boosted their price target on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Evercore ISI began coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Guggenheim reiterated a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Finally, Morgan Stanley raised their price target on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $31.77.

Life Time Group Stock Performance

The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 45.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94. The stock has a 50-day moving average of $25.18 and a 200-day moving average of $24.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now owns 143,030 shares in the company, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,147 shares of company stock worth $6,369,316. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new stake in shares of Life Time Group in the fourth quarter worth 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 worth $43,000 after buying an additional 906 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Life Time Group during the third quarter valued at $60,000. Blue Trust Inc. increased its stake in Life Time Group by 345.5% in the 3rd 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, SBI Securities Co. Ltd. purchased a new stake in shares of Life Time Group in the 4th quarter valued at about $88,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.