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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.56.

A number of analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada upped their target price on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Northland Securities lifted their price target on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Bank of America upped their price objective on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Craig Hallum started coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a “buy” rating and a $30.00 target price on the stock.

Life Time Group Trading Down 2.6 %

Shares of LTH opened at $25.28 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. Life Time Group has a 52-week low of $11.10 and a 52-week high of $27.11. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 70.21, a PEG ratio of 3.20 and a beta of 1.87. The business’s fifty day moving average is $24.47 and its 200-day moving average is $20.04.

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

Insiders Place Their Bets

In other Life Time Group news, major shareholder Partners Group Private Equity sold 650,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the transaction, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Life Time Group 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 transaction, the insider now owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,229,662 shares of company stock worth $88,338,653. 12.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the period. Blue Trust Inc. increased its holdings in Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after acquiring an additional 2,280 shares during the last quarter. Dnca Finance bought a new stake in Life Time Group in the 2nd quarter valued at about $72,000. SG Americas Securities LLC purchased a new stake in Life Time Group during the second quarter valued at about $141,000. Finally, Hsbc Holdings PLC bought a new position in Life Time Group during the second quarter worth about $192,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

About Life Time Group

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.