Long Position on LTH @ $19.50 on 5/22/2023 (Momentum)

Life Time Group Holdings, Inc. (LTH) provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. Stockwinners

It primarily engages in designing, building, and operating sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.

The company also offers fitness floors with equipment, locker rooms, group fitness studios, indoor and outdoor pools, bistros, indoor and outdoor tennis courts, pickleball courts, basketball courts, LifeSpa, LifeCafe, and childcare and Kids Academy learning spaces.

In addition, Its Life Time Digital provides live streaming fitness classes, remote goal-based personal training, nutrition and weight loss support, curated award-winning health, and fitness and wellness content. 

Shares formed a bullish wedge and are expected to move higher from this formation. On April 25th, LTH reported 1st Quarter March 2023 earnings of $0.10 per share on revenue of $510.9 million. The consensus earnings estimate was $0.07 per share on revenue of $508.1 million. Revenue grew 30.2% on a year-over-year basis.



Entry Point: $19.50

Stop Loss: $18.50

Trading Range: $8.75 to $21.39

Target Price: $21.50 

Position closed on 6/30/2023 at price of $19.65 with a 0.77% gain in 38 days.

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