Life Time Group Holdings, Inc. (NYSE:LTH) Receives $40.50 Consensus Price Target from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $40.00.

LTH has been the topic of a number of research reports. KeyCorp initiated coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price on the stock. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Mizuho upped their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company upped their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th.

Life Time Group Stock Down 2.6%

Shares of NYSE LTH opened at $32.09 on Friday. The firm’s 50-day simple moving average is $28.57 and its 200 day simple moving average is $27.67. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group has a 12-month low of $24.14 and a 12-month high of $35.33.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Life Time Group will post 1.47 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, Director John Kristofer Galashan sold 4,991,749 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares in the company, valued at approximately $510,985,369.18. This represents a 23.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 4,991,749 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the completion of the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,638,669 shares of company stock worth $507,722,099. Insiders own 13.30% of the company’s stock.

Institutional Trading of Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC increased its stake in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the 4th quarter valued at about $73,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after acquiring an additional 1,225 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

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.