Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $43.40 and last traded at $42.6340, with a volume of 2461232 shares. The stock had previously closed at $42.15.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on LTH. Morgan Stanley lifted their price target on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Mizuho upped their price objective on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Guggenheim raised their price objective on Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group boosted their target price on Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $44.73.
Read Our Latest Stock Analysis on Life Time Group
Life Time Group Price Performance
Life Time Group (NYSE:LTH – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the prior year, the company earned $0.39 EPS. Life Time Group’s revenue was up 11.7% compared to the same quarter last year. Research analysts expect that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current year.
Insider Buying and Selling at Life Time Group
In other news, Director John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John G. Danhakl sold 4,991,749 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $157,040,423.54. Following the sale, the director owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 27,943,861 shares of company stock worth $857,228,555. 13.30% of the stock is currently owned by insiders.
Institutional Trading of Life Time Group
Several institutional investors have recently modified their holdings of LTH. GAMMA Investing LLC grew its position in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares during the last quarter. Wexford Capital LP acquired a new stake in Life Time Group in the third quarter worth $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Life Time Group during the 4th quarter valued at $73,000. Institutional investors own 79.40% of the company’s stock.
About Life Time Group
Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.
Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.
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