Life Time Group (NYSE:LTH) Hits New 1-Year High - Here's What Happened

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $27.26 and last traded at $26.59, with a volume of 4958058 shares. The stock had previously closed at $25.07.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LTH shares. Wells Fargo & Company raised their target price on Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday. Morgan Stanley upped their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Evercore ISI initiated coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target on the stock. Northland Securities upped their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a research note on Friday. Finally, Guggenheim reissued a "buy" rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $28.75.

Life Time Group Trading Up 3.9 %

The stock has a market cap of $5.73 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. 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's 50-day moving average price is $23.54 and its 200 day moving average price is $23.19.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the firm's 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was 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 owns 191,626 shares of the company's stock, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently made changes to their positions in LTH. Rhumbline Advisers raised its holdings in Life Time Group by 32.7% in the second quarter. Rhumbline Advisers now owns 92,669 shares of the company's stock valued at $1,745,000 after acquiring an additional 22,836 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock worth $1,966,000 after buying an additional 83,654 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock valued at $87,728,000 after buying an additional 770,766 shares in the last quarter. Amalgamated Bank grew its position in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company's stock valued at $38,000 after buying an additional 563 shares during the last quarter. Finally, Blair William & Co. IL acquired a new stake in Life Time Group during the 2nd quarter worth $905,000. Hedge funds and other institutional investors 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.