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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $27.89.

Several analysts recently commented on LTH shares. Evercore ISI started coverage on shares of Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Bank of America increased their price objective on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities upped their target price on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th.

Life Time Group Stock Up 1.1 %

Shares of LTH stock opened at $22.12 on Thursday. 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 quick ratio of 0.46 and a current ratio of 0.59. The business’s fifty day moving average is $23.42 and its 200-day moving average is $22.83. The stock has a market cap of $4.58 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.46 and a beta of 1.88.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (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 firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the firm earned $0.09 earnings per share. Life Time Group’s revenue was up 18.5% on a year-over-year basis. Equities analysts expect that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was 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 owns 75,866 shares in the company, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently made changes to their positions in LTH. Amalgamated Bank raised its holdings in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 period. Assetmark Inc. raised its stake in shares of Life Time Group by 8.5% in the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after purchasing an additional 941 shares in the last quarter. GSA Capital Partners LLP lifted its position in Life Time Group by 2.2% in the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock worth $2,292,000 after purchasing an additional 1,987 shares during the period. Finally, Blue Trust Inc. boosted its stake in 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 buying an additional 2,280 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

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.