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

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.00.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday. Mizuho increased their price target on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Jefferies Financial Group lifted their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th.

Life Time Group Stock Up 0.4%

Life Time Group stock traded up $0.18 during trading hours on Monday, hitting $41.85. 1,562,388 shares of the stock traded hands, compared to its average volume of 3,011,416. Life Time Group has a one year low of $24.14 and a one year high of $42.30. The firm’s 50-day moving average price is $35.24 and its two-hundred day moving average price is $30.23. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The company has a market cap of $9.31 billion, a PE ratio of 24.47, a PEG ratio of 1.72 and a beta of 1.51.

Life Time Group (NYSE:LTH) last announced its 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 return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts forecast that Life Time Group will post 1.48 EPS for the current year.

Insider Transactions at Life Time Group

In related news, Director Jimena Almendares sold 40,589 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $33.59, for a total value of $1,363,384.51. Following the sale, the director owned 36,983 shares in the company, valued at $1,242,258.97. This represents a 52.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John G. Danhakl sold 2,208,580 shares of Life Time Group stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the transaction, the director owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. The trade was a 16.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,943,861 shares of company stock worth $857,228,555. Company insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in Life Time Group by 138.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after purchasing an additional 36,800 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Life Time Group by 36.6% in the second quarter. GAMMA Investing LLC now owns 3,844 shares of the company’s stock worth $157,000 after buying an additional 1,029 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Life Time Group during the second quarter valued at approximately $459,000. Versant Capital Management Inc increased its position in shares of Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares in the last quarter. 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.