Its Stock Has Paid Off Big Time For Life Time Group Holdings Inc.

Life Time Group Holdings Inc. (NYSE: LTH) stock fell -1.45% on Tuesday to $17.70 against a previous-day closing price of $17.96. With 0.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.48 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $18.50 whereas the lowest price it dropped to was $17.67. The 52-week range on LTH shows that it touched its highest point at $18.07 and its lowest point at $8.75 during that stretch. It currently has a 1-year price target of $18.40.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LTH was up-trending over the past week, with a rise of 1.37%, but this was up by 43.20% over a month. Three-month performance surged to 84.38% while six-month performance rose 26.07%. The stock gained 15.99% in the past year, while it has gained 47.99% so far this year. A look at the trailing 12-month EPS for LTH yields -1.60 with Next year EPS estimates of 0.29. For the next quarter, that number is 0.02. This implies an EPS growth rate of -55.90% for this year and 358.30% for next year.

Float and Shares Shorts:

At present, 193.92 million LTH shares are outstanding with a float of 166.25 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.89 million, which was 2.52% higher than short shares on Sep 14, 2022. In addition to Mr. Bahram Akradi as the firm’s Founder, Chairman & CEO, Mr. Thomas E. Bergmann serves as its Pres.

Institutional Ownership:

Through their ownership of 85.95% of LTH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.63% of LTH, in contrast to 7.30% held by mutual funds. Shares owned by individuals account for 12.97%. As the largest shareholder in LTH with 2.68% of the stake, Teacher Retirement System of Texa holds 5,203,454 shares worth 5,203,454. A second-largest stockholder of LTH, AllianceBernstein LP, holds 4,971,336 shares, controlling over 2.56% of the firm’s shares. Principal Global Investors LLC is the third largest shareholder in LTH, holding 4,908,402 shares or 2.53% stake. With a 1.51% stake in LTH, the Invesco Funds – Global Consumer T is the largest stakeholder. A total of 2,928,539 shares are owned by the mutual fund manager. The AB Small Cap Growth Portfolio, which owns about 1.48% of LTH stock, is the second-largest Mutual Fund holder. It holds 2,880,814 shares valued at 34.45 million. JPMorgan Small Cap Growth Fund holds 1.25% of the stake in LTH, owning 2,422,853 shares worth 28.98 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LTH since 10 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LTH analysts setting a high price target of $33.00 and a low target of $12.00, the average target price over the next 12 months is $19.00. Based on these targets, LTH could surge 86.44% to reach the target high and fall by -32.2% to reach the target low. Reaching the average price target will result in a growth of 7.34% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. LTH will report FY 2022 earnings on 03/07/2024. Analysts have provided yearly estimates in a range of -$0.02 being high and -$0.33 being low. For LTH, this leads to a yearly average estimate of -$0.15. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Life Time Group Holdings Inc. surprised analysts by $0.20 when it reported $0.12 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was $0.10. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is -$0.01. The average estimate for the next quarter is thus $0.05.

Summary of Insider Activity:

Insiders traded LTH stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 1,031 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 259,371 while 19,792 shares were sold.

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