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

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LTH shares. Oppenheimer lifted their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Friday, January 17th. Guggenheim reissued a "buy" rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Mizuho raised their target price on Life Time Group from $32.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Finally, Evercore ISI began coverage on 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.77.

Life Time Group Trading Down 3.1 %

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 has a fifty day simple moving average of $26.67 and a 200-day simple moving average of $25.00. The firm has a market cap of $6.54 billion, a P/E ratio of 45.79, a price-to-earnings-growth ratio of 0.82 and a beta of 1.94.

Insider Transactions at Life Time Group

In related news, CFO Erik Weaver sold 1,741 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company's stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company's stock, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,147 shares of company stock valued at $2,241,556 over the last ninety days. 12.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in Life Time Group by 146.8% in the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company's stock valued at $4,446,000 after buying an additional 108,283 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Life Time Group in the 3rd quarter worth $593,000. Quadrature Capital Ltd purchased a new stake in shares of Life Time Group in the third quarter valued at about $697,000. JPMorgan Chase & Co. lifted its position in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock valued at $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

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.