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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $36.7692.

Several equities research analysts have commented on the company. Northland Securities set a $42.00 price objective on Life Time Group in a research note on Friday, January 23rd. UBS Group set a $48.00 price objective on Life Time Group in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Morgan Stanley lowered their price target on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,493 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the sale, the chief financial officer directly owned 77,771 shares in the company, valued at $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric J. Buss sold 162,722 shares of Life Time Group stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total value of $4,562,724.88. Following the transaction, the executive vice president owned 380,683 shares in the company, valued at approximately $10,674,351.32. The trade was a 29.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,670 shares of company stock worth $7,234,567 in the last ninety days. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LTH. Royal Bank of Canada grew its holdings in shares of Life Time Group by 140.4% during the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after buying an additional 14,267 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after acquiring an additional 1,428,446 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Life Time Group during the first quarter valued at about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after acquiring an additional 64,348 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $28.76 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The firm has a market cap of $6.34 billion, a PE ratio of 22.29, a PEG ratio of 0.89 and a beta of 1.68. Life Time Group has a one year low of $24.14 and a one year high of $34.99. The firm has a fifty day moving average of $27.37 and a 200 day moving average of $27.23.

Life Time Group (NYSE:LTH) last released its 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. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The business had revenue of $782.65 million during the quarter, compared to analysts’ expectations of $770.93 million. As a group, research analysts predict that Life Time Group will post 0.74 EPS for the current fiscal year.

About Life Time Group

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.