Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $30.63 and last traded at $30.61, with a volume of 1551248 shares. The stock had previously closed at $29.71.
Wall Street Analyst Weigh In
LTH has been the subject of a number of recent analyst reports. Evercore ISI started coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an "outperform" rating and a $29.00 target price for the company. 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 report on Friday, January 17th. Craig Hallum lifted their price target 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. Mizuho lifted their target price on Life Time Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Northland Securities increased their price target on shares of Life Time Group from $29.00 to $31.50 and gave the stock 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.77.
Get Our Latest Analysis on LTH
Life Time Group Stock Performance
The business's 50-day simple moving average is $25.18 and its two-hundred day simple moving average is $24.30. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 45.66, a P/E/G ratio of 0.76 and a beta of 1.94.
Insider Transactions at Life Time Group
In related news, EVP Parham Javaheri sold 168,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group 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 sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 250,147 shares of company stock valued at $6,369,316 in the last three months. 12.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in shares of Life Time Group by 22.4% in the second quarter. AQR Capital Management LLC now owns 65,349 shares of the company's stock worth $1,231,000 after buying an additional 11,967 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Life Time Group by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,370 shares of the company's stock valued at $704,000 after acquiring an additional 6,749 shares during the last quarter. SG Americas Securities LLC lifted its stake in Life Time Group by 255.7% in the 3rd quarter. SG Americas Securities LLC now owns 26,725 shares of the company's stock worth $653,000 after purchasing an additional 19,211 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Life Time Group during the 3rd quarter worth approximately $422,000. Finally, Seven Grand Managers LLC acquired a new stake in shares of Life Time Group in the third quarter valued at approximately $4,884,000. Hedge funds and other institutional investors own 79.40% of the company's stock.
About Life Time Group
(
Get Free Report)
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.
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