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

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average rating of “Moderate Buy” by the sixteen research firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $37.00.

Several research firms have commented on LTH. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Morgan Stanley lowered their price objective on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Finally, UBS Group set a $48.00 target price on Life Time Group in a research report on Friday, October 17th.

Insider Transactions at Life Time Group

In related news, EVP Eric J. Buss sold 162,722 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total value of $4,562,724.88. Following the transaction, the executive vice president directly owned 380,683 shares in the company, valued at approximately $10,674,351.32. This trade represents a 29.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently bought and sold shares of LTH. SBI Securities Co. Ltd. grew its stake in shares of Life Time Group by 19.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock valued at $117,000 after purchasing an additional 693 shares during the period. Zions Bancorporation National Association UT boosted its stake in Life Time Group by 1.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock valued at $1,321,000 after buying an additional 699 shares in the last quarter. GAMMA Investing LLC boosted its stake in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Life Time Group by 10.3% during the third quarter. Mackenzie Financial Corp now owns 8,516 shares of the company’s stock worth $235,000 after acquiring an additional 798 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Up 0.7%

Shares of NYSE LTH opened at $28.44 on Monday. The business has a 50 day simple moving average of $26.35 and a 200 day simple moving average of $27.37. Life Time Group has a 52 week low of $22.88 and a 52 week high of $34.99. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 0.81 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67.

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

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.