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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $31.77.

A number of research analysts recently commented on the company. Northland Securities increased their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday, January 17th. Oppenheimer increased their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Craig Hallum increased their price target on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI started coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company.

Life Time Group Stock Up 0.3 %

LTH stock opened at $28.68 on Monday. The company’s 50 day moving average is $24.05 and its 200 day moving average is $23.64. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.89. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 1-year low of $11.89 and a 1-year high of $28.92.

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

Insider Activity

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 241,596 shares of company stock valued at $6,113,448. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new position in shares of Life Time Group in the 3rd quarter worth approximately $31,575,000. Loomis Sayles & Co. L P raised its holdings in Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after purchasing an additional 758,757 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Life Time Group by 135.9% during the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock valued at $21,750,000 after buying an additional 513,033 shares during the period. Braun Stacey Associates Inc. boosted its holdings in shares of Life Time Group by 113.7% during the 3rd quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company’s stock valued at $20,752,000 after buying an additional 452,197 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Life Time Group by 66.7% in the 2nd quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock worth $20,268,000 after buying an additional 430,779 shares during the period. 79.40% of the stock is owned by institutional investors.

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.