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

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $37.00.

A number of equities analysts have commented on LTH shares. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. UBS Group set a $48.00 price objective on shares of Life Time Group in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Finally, Morgan Stanley decreased their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th.

Life Time Group Stock Up 0.2%

LTH stock opened at $25.99 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The business’s fifty day moving average price is $25.84 and its two-hundred day moving average price is $27.53. Life Time Group has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 0.82 and a beta of 1.67.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. On average, equities analysts anticipate that Life Time Group will post 0.74 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Eric J. Buss sold 162,722 shares of Life Time Group stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the sale, the executive vice president directly owned 380,683 shares in the company, valued at $10,674,351.32. This trade represents a 29.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the transaction, the chief financial officer directly owned 81,765 shares of the company’s stock, valued at $2,052,301.50. The trade was a 5.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 242,055 shares of company stock valued at $6,773,720. 8.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently modified their holdings of LTH. Wexford Capital LP bought a new stake in Life Time Group in the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC increased its stake in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the period. IFP Advisors Inc boosted its position in shares of Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after buying an additional 1,645 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.