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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $27.89.

A number of equities analysts have recently issued reports on LTH shares. Wells Fargo & Company increased their target price on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Morgan Stanley lifted their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities upped their target price on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company.

Life Time Group Stock Performance

LTH opened at $23.56 on Thursday. The stock has a market cap of $4.88 billion, a PE ratio of 34.15, a P/E/G ratio of 1.46 and a beta of 1.89. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.11. The stock’s 50 day simple moving average is $23.40 and its 200-day simple moving average is $22.99. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Sell-side analysts forecast that Life Time Group will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several institutional investors have recently modified their holdings of LTH. Lord Abbett & CO. LLC bought a new position in Life Time Group in the third quarter valued at approximately $31,575,000. Dimensional Fund Advisors LP boosted its position in shares of Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after purchasing an additional 770,766 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock valued at $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Hood River Capital Management LLC lifted its stake in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after buying an additional 553,881 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in Life Time Group by 135.9% during the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock worth $21,750,000 after buying an additional 513,033 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.