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 earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $40.1250.

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Morgan Stanley increased their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Guggenheim restated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th.

Insider Buying and Selling at Life Time Group

In other news, EVP Parham Javaheri sold 11,060 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $26.46, for a total transaction of $292,647.60. Following the completion of the transaction, the executive vice president directly owned 315,175 shares in the company, valued at approximately $8,339,530.50. This represents a 3.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,493 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the transaction, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 31,850 shares of company stock worth $909,324 in the last quarter. 13.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its stake in shares of Life Time Group by 129.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after buying an additional 3,286,229 shares in the last quarter. Bank of America Corp DE raised its position in shares of Life Time Group by 102.1% during the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after buying an additional 2,156,033 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares in the last quarter. Norges Bank bought a new position in shares of Life Time Group in the 4th quarter valued at about $49,228,000. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Life Time Group by 2,328.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after acquiring an additional 1,775,837 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Down 2.3%

NYSE LTH opened at $25.97 on Friday. Life Time Group has a 12 month low of $24.14 and a 12 month high of $34.99. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.76 billion, a PE ratio of 15.65, a P/E/G ratio of 1.18 and a beta of 1.69. The stock’s 50 day moving average is $27.77 and its 200 day moving average is $27.00.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. 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.