Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Rating of “Buy” from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus rating of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. Thirteen investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $54.8462.

LTH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a research note on Friday, July 31st. Morgan Stanley raised their target price on Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Oppenheimer boosted their price target on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Jefferies Financial Group upped their price target on Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Mizuho increased their price objective on Life Time Group from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, July 31st.

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 47,748 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $44.80, for a total transaction of $2,139,110.40. Following the completion of the sale, the chief financial officer owned 88,918 shares of the company’s stock, valued at $3,983,526.40. This represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Parham Javaheri sold 63,203 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $45.09, for a total value of $2,849,823.27. Following the transaction, the executive vice president owned 183,371 shares in the company, valued at approximately $8,268,198.39. This trade represents a 25.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,642,177 shares of company stock valued at $438,237,437. Insiders own 13.30% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Hedge funds have recently bought and sold shares of the company. Wexford Capital LP acquired a new stake in shares of Life Time Group in the third quarter worth $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the period. Nykredit A S acquired a new position in shares of Life Time Group during the second quarter valued at about $47,000. Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the fourth quarter valued at about $73,000. Finally, Versant Capital Management Inc lifted its stake in shares of Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after buying an additional 1,339 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Down 1.7%

Life Time Group stock opened at $43.58 on Tuesday. Life Time Group has a 12 month low of $24.14 and a 12 month high of $47.24. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The stock has a market cap of $9.74 billion, a P/E ratio of 23.68, a P/E/G ratio of 1.57 and a beta of 1.50. The company’s fifty day simple moving average is $42.85 and its 200-day simple moving average is $34.14.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.Life Time Group’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. As a group, sell-side analysts forecast that Life Time Group will post 1.59 EPS for the current fiscal year.

About Life Time Group

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.