Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Rating of “Moderate Buy” by Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $27.63.

LTH has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada increased their price objective 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. Morgan Stanley raised their target price on shares of 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. Bank of America boosted their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LTH. Farther Finance Advisors LLC grew its holdings in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the last quarter. Amalgamated Bank grew its stake in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Life Time Group in the third quarter valued at $60,000. Blue Trust Inc. raised its position in shares of Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the period. Finally, Dnca Finance purchased a new stake in Life Time Group during the second quarter valued at about $72,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Price Performance

LTH opened at $23.71 on Wednesday. The firm has a market cap of $4.91 billion, a PE ratio of 34.36, a P/E/G ratio of 1.52 and a beta of 1.89. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock has a 50-day moving average price of $24.40 and a 200-day moving average price of $21.19.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data 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 net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter last year, the company posted $0.09 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. Sell-side analysts predict that Life Time Group will post 0.56 earnings per share for the current fiscal 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.