Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $36.7692.

A number of research firms have issued reports on LTH. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. UBS Group set a $48.00 target price on Life Time Group in a research report on Friday, October 17th. Zacks Research cut Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Northland Securities set a $42.00 price target on Life Time Group in a research note on Friday, January 23rd. Finally, Morgan Stanley cut their price objective on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total value of $178,222.80. Following the sale, the executive vice president directly owned 102,144 shares of the company’s stock, valued at $3,095,984.64. This represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric J. Buss sold 74,487 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the completion of the sale, the executive vice president owned 380,683 shares in the company, valued at $10,678,158.15. The trade was a 16.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,670 shares of company stock worth $7,234,567 over the last quarter. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC raised its position in Life Time Group by 2,398.6% during the third quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company’s stock worth $29,422,000 after acquiring an additional 1,023,333 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Life Time Group in the second quarter valued at about $43,473,000. AustralianSuper Pty Ltd purchased a new stake in shares of Life Time Group during the third quarter worth about $27,260,000. Divisadero Street Capital Management LP purchased a new stake in shares of Life Time Group during the second quarter worth about $5,381,000. Finally, Norges Bank acquired a new position in shares of Life Time Group during the 2nd quarter worth about $50,999,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $29.28 on Friday. The company has a 50 day moving average price of $27.63 and a 200 day moving average price of $27.25. The firm has a market capitalization of $6.46 billion, a P/E ratio of 22.70, a PEG ratio of 0.78 and a beta of 1.68. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. Life Time Group has a 52 week low of $24.14 and a 52 week high of $34.99.

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.