Life Time Group Holdings, Inc. (NYSE:LTH) Stock Has Average Target Price of $55.31

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $55.31.

A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Life Time Group from $39.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. KeyCorp boosted their target price on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Mizuho boosted their target price on Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group set a $63.00 target price on Life Time Group in a research report on Wednesday, September 23rd. Finally, Northland Securities set a $57.00 price target on Life Time Group in a research note on Friday, July 31st.

Life Time Group Price Performance

Shares of NYSE LTH opened at $40.45 on Wednesday. The stock has a market cap of $9.04 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.46 and a beta of 1.49. The firm’s 50-day simple moving average is $41.99 and its 200 day simple moving average is $37.48. Life Time Group has a fifty-two week low of $24.14 and a fifty-two week 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.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. Life Time Group’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. Equities analysts expect that Life Time Group will post 1.59 EPS for the current year.

Insider Buying and Selling at Life Time Group

In related news, EVP Eric Buss sold 479,240 shares of Life Time Group stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the transaction, the executive vice president directly owned 474,008 shares of the company’s stock, valued at $21,316,139.76. The trade was a 50.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Galashan sold 2,879,154 shares of Life Time Group stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,971,850 shares of company stock valued at $306,262,084. 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 business. Quantinno Capital Management LP raised its holdings in shares of Life Time Group by 455.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock worth $2,050,000 after purchasing an additional 62,393 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Life Time Group by 138.3% during the second quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after purchasing an additional 36,800 shares during the last quarter. Maven Securities LTD bought a new stake in Life Time Group during the second quarter worth approximately $1,034,000. Squarepoint Ops LLC bought a new stake in Life Time Group during the second quarter worth approximately $2,183,000. Finally, Tidal Investments LLC bought a new stake in Life Time Group during the second quarter worth approximately $14,439,000. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness centers under the Life Time brand. Its facilities offer fitness equipment and training, group exercise classes, indoor and outdoor pools, sports courts, childcare, spas, salons, cafés and other services designed to support health, wellness and an active lifestyle.

The company also provides personal training, performance programs, nutrition services and organized athletic activities, including events and leagues for sports such as pickleball and tennis.