Life Time Group (NYSE:LTH) is hitting a new 52-week high at $24.65

Share price of Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report ) hit a new 52-week high during trading on Wednesday . The company traded as high as $24.65 and last traded at $24.47 with a volume of 107346 shares. Shares previously closed at $23.96.

Analyst upgrades and downgrades

A number of brokerages have issued reports on LTH. Northland Securities upped their target price on shares of Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Mizuho upped their price objective on shares of Life Time Group from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Goldman Sachs Group boosted their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their target price on shares of Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their target price on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday. August 2. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Moderate Buy” and an average price target of $24.93, based on data from MarketBeat.

Get the latest Life Time Group stock report

Performance of the group’s shares during its lifetime

The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 66.08, a P/E/G ratio of 3.92 and a beta of 1.86. The company has a quick ratio of 0.31, a current ratio of 0.43, and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $19.45 and a 200-day simple moving average of $16.08.

Life Time Group (NYSE:LTH – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. The company had revenue of $667.80 million for the quarter, compared to analyst estimates of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.43%. The company’s revenue increased by 18.9% year-on-year. During the same period in the previous year, the firm posted EPS of $0.08. As a group, equities research analysts forecast that Life Time Group Holdings, Inc. it will post 0.46 EPS for the current year.

Transactions within the Life Time group

In other news, CEO Bahram Akradi acquired 39,000 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average price of $16.76 per share, with a total value of $653,640.00. Following the acquisition, the chief executive officer now directly owns 1,414,613 shares in the company, valued at approximately $23,708,913.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The insiders of the company own 12.50% of the shares of the company.

Institutional inputs and outputs

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Dnca Finance purchased a new stake in Life Time Group in the 2nd quarter valued at about $72,000. SG Americas Securities LLC bought a new position in shares of Life Time Group in the second quarter valued at $141,000. Entropy Technologies LP acquired a new position in shares of Life Time Group in the first quarter worth $198,000. Price T Rowe Associates Inc. MD raised its stake in shares of Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after buying an additional 1,866 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in Life Time Group in the fourth quarter valued at $213,000. Institutional investors and hedge funds own 79.40% of the company’s shares.

About Life Time Group

(Get a 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 is primarily engaged in the design, construction and operation of sports and sports, professional fitness, family recreation and spa centers in a resort-like environment, primarily in suburban and urban locations of metropolitan areas.

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