Ready to Jump After Recent Trade: Life Time Group Holdings Inc. (LTH)

Life Time Group Holdings Inc. (NYSE: LTH) stock jumped 2.06% on Monday to $15.33 against a previous-day closing price of $15.02. With 0.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.76 million shares. The 52-week range on LTH shows that it touched its highest point at $22.41 and its lowest point at $8.75 during that stretch. It currently has a 1-year price target of $23.20. Beta for the stock currently stands at 1.60.

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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 down-trending over the past week, with a drop of -5.19%, but this was down by -4.55% over a month. Three-month performance dropped to -22.81% while six-month performance fell -4.78%. The stock gained 25.14% in the past year, while it has gained 28.18% so far this year. A look at the trailing 12-month EPS for LTH yields 0.41 with Next year EPS estimates of 0.69. For the next quarter, that number is 0.12. This implies an EPS growth rate of 99.70% for this year and 70.10% for next year.

Float and Shares Shorts:

At present, 195.48 million LTH shares are outstanding with a float of 54.76 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.33 million, which was 4.25% higher than short shares on Jul 30, 2023. In addition to Mr. Bahram Akradi as the firm’s Founder, Chairman & CEO, Mr. Jeffrey G. Zwiefel serves as its Pres & COO.

Institutional Ownership:

Through their ownership of 85.55% of LTH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.60% of LTH, in contrast to 12.83% held by mutual funds. Shares owned by individuals account for 10.32%. As the largest shareholder in LTH with 2.34% of the stake, The Vanguard Group, Inc. holds 4,595,157 shares worth 4,595,157. A second-largest stockholder of LTH, Principal Global Investors LLC, holds 4,352,288 shares, controlling over 2.22% of the firm’s shares. AllianceBernstein LP is the third largest shareholder in LTH, holding 4,325,299 shares or 2.21% stake. With a 1.21% stake in LTH, the AB Small Cap Growth Portfolio is the largest stakeholder. A total of 2,378,230 shares are owned by the mutual fund manager. The Invesco Funds – Global Consumer T, which owns about 1.20% of LTH stock, is the second-largest Mutual Fund holder. It holds 2,342,999 shares valued at 40.3 million. JPMorgan Small Cap Growth Fund holds 0.86% of the stake in LTH, owning 1,682,532 shares worth 28.94 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, LTH reported revenue of $461.27M and operating income of $20.81M. The EBITDA in the recently reported quarter was $77.98M and diluted EPS was -$0.01.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LTH since 0 analysts follow the stock currently. 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 $17.00, the average target price over the next 12 months is $23.20. Based on these targets, LTH could surge 115.26% to reach the target high and rise by 10.89% to reach the target low. Reaching the average price target will result in a growth of 51.34% 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.

Summary of Insider Activity:

Insiders traded LTH stock several times over the past three months with 4 Buys and 0 Sells. In these transactions, 52,951 shares were bought while 0 shares were sold. The number of buy transactions has increased to 16 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 245,638 while 64,789 shares were sold.

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