Life Time Group Holdings, Inc. (NYSE:LTH) Receives $39.71 Average PT from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $39.50.

A number of research analysts have recently issued reports on LTH shares. Guggenheim reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Northland Securities set a $42.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Zacks Research upgraded Life Time Group from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Morgan Stanley raised their price objective on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd.

Life Time Group Trading Down 0.6%

LTH opened at $26.11 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.48. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.17 and a beta of 1.69. Life Time Group has a 12 month low of $24.14 and a 12 month high of $34.99. The stock has a fifty day moving average price of $28.09 and a 200-day moving average price of $27.23.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $745.10 million for the quarter, compared to the consensus estimate of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. As a group, equities research analysts anticipate that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total transaction of $178,222.80. Following the sale, the executive vice president owned 102,144 shares in the company, valued at approximately $3,095,984.64. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,329 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total transaction of $34,195.17. Following the completion of the transaction, the chief financial officer directly owned 136,166 shares of the company’s stock, valued at $3,503,551.18. The trade was a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,790 shares of company stock valued at $616,677. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Vanguard Group Inc. increased its position in shares of Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares during the period. Ameriprise Financial Inc. grew its stake in Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after purchasing an additional 2,091,712 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Life Time Group by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,021,829 shares of the company’s stock valued at $186,646,000 after purchasing an additional 1,061,839 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Life Time Group by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.