Life Time Group Holdings Inc (NYSE: LTH) stock jumped 2.43% on Friday to $14.78 against a previous-day closing price of $14.43. With 1.15 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.7 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $14.86 whereas the lowest price it dropped to was $14.48. The 52-week range on LTH shows that it touched its highest point at $22.41 and its lowest point at $11.10 during that stretch. It currently has a 1-year price target of $21.10. Beta for the stock currently stands at 1.76.
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 7.73%, but this was up by 0.48% over a month. Three-month performance dropped to -11.23% while six-month performance fell -24.55%. The stock gained 16.84% in the past year, while it has gained 23.58% so far this year. A look at the trailing 12-month EPS for LTH yields 0.33 with Next year EPS estimates of 0.63. For the next quarter, that number is 0.10. This implies an EPS growth rate of 3685.71% for this year and 75.98% for next year.
Float and Shares Shorts:
At present, 194.27 million LTH shares are outstanding with a float of 57.75 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.35 million, which was 3.23% higher than short shares on Sep 28, 2023. In addition to Mr. Bahram Akradi as the firm’s Founder, Chairman & CEO, Mr. Jeffrey G. Zwiefel serves as its President & COO.
Through their ownership of 85.55% of LTH’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.64% of LTH, in contrast to 8.56% held by mutual funds. Shares owned by individuals account for 13.24%. As the largest shareholder in LTH with 2.36% of the stake, The Vanguard Group, Inc. holds 4,632,044 shares worth 4,632,044. A second-largest stockholder of LTH, AllianceBernstein LP, holds 4,380,087 shares, controlling over 2.23% of the firm’s shares. Principal Global Investors LLC is the third largest shareholder in LTH, holding 4,297,186 shares or 2.19% stake. With a 1.21% stake in LTH, the AB Small Cap Growth Portfolio is the largest stakeholder. A total of 2,374,660 shares are owned by the mutual fund manager. The Invesco Funds – Global Consumer T, which owns about 1.17% of LTH stock, is the second-largest Mutual Fund holder. It holds 2,296,199 shares valued at 27.14 million. JPMorgan Small Cap Growth Fund holds 0.85% of the stake in LTH, owning 1,672,087 shares worth 19.76 million.
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 $16.00, the average target price over the next 12 months is $21.10. Based on these targets, LTH could surge 123.27% to reach the target high and rise by 8.25% to reach the target low. Reaching the average price target will result in a growth of 42.76% from current levels.
Summary of Insider Activity:
Insiders traded LTH stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 195,638 while 63,059 shares were sold.