Life Time Group (NYSE:LTH) Sets New 52-Week High - Time to Buy?

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LTH shares. 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. Wells Fargo & Company increased their target price on Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note 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 note on Wednesday, January 22nd. Morgan Stanley increased their price objective on Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Finally, Oppenheimer boosted their target price on Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.77.

Life Time Group Trading Up 1.8 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm's 50 day moving average price is $25.61 and its 200 day moving average price is $24.55. The stock has a market capitalization of $6.70 billion, a P/E ratio of 46.92, a P/E/G ratio of 0.76 and a beta of 1.94.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction 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 sale, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Erik Weaver sold 1,741 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares of the company's stock, valued at $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. Insiders have sold a total of 250,147 shares of company stock worth $6,369,316 in the last 90 days. Company insiders own 12.50% of the company's stock.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of LTH. Seven Grand Managers LLC bought a new position in shares of Life Time Group in the 3rd quarter worth approximately $4,884,000. nVerses Capital LLC grew its stake in Life Time Group by 3,100.0% in the third quarter. nVerses Capital LLC now owns 12,800 shares of the company's stock worth $313,000 after purchasing an additional 12,400 shares during the period. Blue Trust Inc. lifted 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 valued at $72,000 after buying an additional 2,280 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock worth $43,000 after acquiring an additional 906 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after acquiring an additional 46,710 shares during the period. 79.40% of the stock is currently 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.