Life Time Group (NYSE:LTH) Stock Rating Lowered by Zacks Research

Life Time Group (NYSE:LTH) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on LTH. Mizuho lifted their target price on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. UBS Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.00.

Life Time Group Price Performance

NYSE:LTH opened at $33.24 on Monday. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.34 and a beta of 1.50. Life Time Group has a 1 year low of $24.14 and a 1 year high of $35.33. The business has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $27.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same period last year, the company earned $0.39 EPS. Life Time Group’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Life Time Group will post 1.47 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other news, Director John G. Danhakl sold 3,006,100 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $32.51, for a total value of $97,728,311.00. Following the sale, the director owned 13,236,283 shares in the company, valued at $430,311,560.33. This represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Kristofer Galashan sold 3,006,100 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $32.51, for a total value of $97,728,311.00. Following the completion of the sale, the director owned 13,236,283 shares in the company, valued at $430,311,560.33. The trade was a 18.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 23,100,829 shares of company stock worth $717,806,921. 13.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after purchasing an additional 143,487 shares during the period. Dimensional Fund Advisors LP raised its holdings in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after purchasing an additional 1,068,208 shares during the period. Ameriprise Financial Inc. raised its holdings in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares during the period. Wellington Management Group LLP raised its holdings in Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE raised its holdings in Life Time Group by 102.1% in the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Key Life Time Group News

Here are the key news stories impacting Life Time Group this week:

• Negative Sentiment: Zacks Research downgraded Life Time Group (LTH) from strong-buy to hold, which can pressure sentiment by signaling less upside in the near term. Tickerreport.com article
• Negative Sentiment: Multiple insiders, including directors John Danhakl and John Kristofer Galashan, as well as major shareholder Partners Group Private Equity, disclosed large stock sales. Insider selling often raises concerns about valuation or near-term upside, even when the company’s fundamentals remain solid. InsiderTrades.com article
• Neutral Sentiment: Life Time Group’s recent earnings report was still constructive: EPS of $0.42 beat estimates, revenue rose 11.7% year over year, and results slightly topped expectations. That supports the stock’s longer-term narrative, but the earnings news is older than the latest insider-sale headlines. MarketBeat LTH insider trades page
• Neutral Sentiment: Broker coverage remains mixed but mostly positive overall, with several firms maintaining buy/overweight ratings and a consensus price target near $40. MarketBeat LTH page

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.