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 eight brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.56.

A number of brokerages have recently issued reports on LTH. Craig Hallum assumed coverage on shares of Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 target price for the company. Royal Bank of Canada increased their target price on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Bank of America lifted their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Northland Securities increased their price target on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price objective on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 3,575,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the sale, the insider now directly owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now owns 55,166,700 shares of the company’s stock, valued at $1,151,880,696. The disclosure for this sale can be found here. 12.50% of the stock is owned by insiders.

Institutional Trading of Life Time Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Life Time Group by 35.2% during the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock worth $96,530,000 after purchasing an additional 1,665,006 shares during the period. Hood River Capital Management LLC raised its stake in shares of Life Time Group by 3,657.9% during the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after purchasing an additional 1,224,485 shares during the period. Wellington Management Group LLP purchased a new position in shares of Life Time Group in the 4th quarter worth about $14,544,000. Dimensional Fund Advisors LP grew its position in shares of Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after acquiring an additional 770,766 shares during the period. Finally, Millennium Management LLC increased its position in Life Time Group by 66.7% in the second 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 last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Down 0.6 %

Life Time Group stock opened at $24.82 on Tuesday. The company’s 50-day moving average price is $22.99 and its two-hundred day moving average price is $18.47. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.94 billion, a P/E ratio of 68.94, a P/E/G ratio of 3.03 and a beta of 1.87. Life Time Group has a twelve month low of $11.10 and a twelve month high of $25.74.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $667.80 million during the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. As a group, analysts expect that Life Time Group will post 0.56 EPS for the current year.

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.