Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) PT at $40.30

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $40.80.

Several research analysts have recently commented on LTH shares. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price target on shares of Life Time Group in a report on Tuesday, May 5th. Morgan Stanley lifted their price target on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Mizuho lifted their price target on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Guggenheim lifted their price target on Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Research lowered Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th.

Life Time Group Trading Down 0.9%

Shares of LTH stock opened at $34.57 on Thursday. The stock’s fifty day moving average is $31.03 and its two-hundred day moving average is $28.62. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market capitalization of $7.70 billion, a P/E ratio of 20.22, a PEG ratio of 1.44 and a beta of 1.55. Life Time Group has a fifty-two week low of $24.14 and a fifty-two week high of $35.35.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Research analysts expect that Life Time Group will post 1.48 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 4,991,749 shares of Life Time Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director owned 16,242,383 shares in the company, valued at $510,985,369.18. The trade was a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $157,040,423.54. Following the transaction, the director 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,876,110 shares of company stock worth $854,609,979 in the last quarter. Company insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LTH. Wellington Management Group LLP increased its position in shares of Life Time Group by 129.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after purchasing an additional 3,286,229 shares during the last quarter. Bank of America Corp DE increased its position in shares of Life Time Group by 102.1% during the 3rd 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. Ameriprise Financial Inc. increased its position in shares of Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares during the last quarter. Norges Bank acquired a new position in Life Time Group in the 4th quarter valued at about $49,228,000. Finally, Balyasny Asset Management L.P. increased its stake in Life Time Group by 2,328.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock worth $56,175,000 after purchasing an additional 1,775,837 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.