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

Life Time Group Holdings, Inc. (NYSE:LTH) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.77.

LTH has been the subject of a number of analyst reports. Guggenheim restated a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Craig Hallum boosted their price target on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley increased their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction dated 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 owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,596 shares of company stock worth $6,113,448 in the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank boosted its position in shares of Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the period. R Squared Ltd purchased a new position in shares of Life Time Group during the 4th quarter valued at $42,000. Farther Finance Advisors LLC boosted its holdings in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Life Time Group in the 3rd quarter worth $60,000. Finally, Blue Trust Inc. raised its holdings in Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after acquiring an additional 2,280 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Up 0.3 %

Shares of NYSE:LTH opened at $28.68 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $24.05 and a two-hundred day simple moving average of $23.64. Life Time Group has a 12-month low of $11.89 and a 12-month high of $28.92. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 0.71 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. On average, research analysts anticipate that Life Time Group will post 0.74 earnings per share for the current fiscal year.

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.