Life Time Group Holdings, Inc. (NYSE:LTH) Stock Has Consensus Price Target of $54.85 According to Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $55.31.

LTH has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a report on Friday, July 31st. Royal Bank Of Canada upped their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Northland Securities set a $57.00 target price on shares of Life Time Group in a research report on Friday, July 31st. UBS Group set a $63.00 target price on shares of Life Time Group in a research note on Wednesday. Finally, The Goldman Sachs Group began coverage on shares of Life Time Group in a research report on Monday, August 3rd. They set a “buy” rating and a $53.00 price target on the stock.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 2,879,154 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares of the company’s stock, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Galashan sold 2,879,154 shares of Life Time Group stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the transaction, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 6,966,063 shares of company stock valued at $306,031,935. 13.30% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after acquiring an additional 99,154 shares during the period. Dimensional Fund Advisors LP lifted 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 valued at $217,929,000 after acquiring an additional 1,068,208 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Life Time Group by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock valued at $93,572,000 after purchasing an additional 207,822 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Life Time Group by 18.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after purchasing an additional 397,248 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Life Time Group in the 4th quarter worth approximately $49,228,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Performance

LTH opened at $40.02 on Friday. The business’s 50 day moving average is $43.06 and its 200-day moving average is $36.01. The stock has a market cap of $8.94 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.48. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Life Time Group has a twelve month low of $24.14 and a twelve month high of $47.24.

Life Time Group (NYSE:LTH) last issued 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. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. On average, analysts predict that Life Time Group will post 1.59 earnings per share for the current year.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.