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

Life Time Group (NYSE:LTH) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other analysts also recently commented on the company. Oppenheimer upped their price objective on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Jefferies Financial Group boosted their target price on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Mizuho upped their price target on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Weiss Ratings raised Life Time Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Life Time Group has an average rating of “Buy” and a consensus price target of $45.67.

Life Time Group Trading Up 1.0%

NYSE LTH opened at $42.33 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market cap of $9.42 billion, a PE ratio of 24.75, a P/E/G ratio of 1.68 and a beta of 1.51. Life Time Group has a one year low of $24.14 and a one year high of $43.96. The firm’s fifty day moving average is $37.24 and its two-hundred day moving average is $31.31.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. Analysts expect that Life Time Group will post 1.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jimena Almendares sold 40,589 shares of Life Time Group stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $33.59, for a total value of $1,363,384.51. Following the sale, the director directly owned 36,983 shares in the company, valued at $1,242,258.97. The trade was a 52.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Partners Group Private Equity sold 329,921 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $9,435,740.60. Following the transaction, the insider directly owned 1,651,322 shares in the company, valued at $47,227,809.20. This represents a 16.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 27,943,861 shares of company stock worth $857,228,555. Corporate insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans acquired a new position in Life Time Group during the fourth quarter worth about $41,721,000. Eagle Rock Investment Company LLC purchased a new position in Life Time Group in the fourth quarter valued at about $1,521,000. Wedge Capital Management L L P NC lifted its position in shares of Life Time Group by 9.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 1,295,970 shares of the company’s stock valued at $34,447,000 after acquiring an additional 109,895 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Life Time Group during the 4th quarter worth approximately $3,811,000. Finally, Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 143,487 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.