Life Time Group (NYSE:LTH) Earns “Buy” Rating from Guggenheim

Guggenheim restated their buy rating on shares of Life Time Group (NYSE:LTHFree Report) in a research report released on Wednesday,Benzinga reports. They currently have a $36.00 price target on the stock.

LTH has been the topic of a number of other reports. The Goldman Sachs Group raised their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the company a “buy” rating in a research report on Monday, March 3rd. Craig Hallum raised shares of Life Time Group to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, May 23rd. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the company a “hold” rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $35.92.

Read Our Latest Report on Life Time Group

Life Time Group Trading Up 3.6%

LTH stock opened at $27.59 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average is $29.74 and its 200 day moving average is $28.44. Life Time Group has a 12-month low of $18.01 and a 12-month high of $34.99. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 28.74 and a beta of 1.75.

Life Time Group (NYSE:LTHGet Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts anticipate that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other news, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the sale, the executive vice president now directly owns 249,526 shares in the company, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Erik Weaver sold 18,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the completion of the sale, the chief financial officer now owns 86,611 shares in the company, valued at approximately $2,489,200.14. The trade was a 17.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,548,155 shares of company stock valued at $691,624,905 over the last quarter. 8.70% of the stock is owned by company insiders.

Institutional Trading of Life Time Group

Several hedge funds have recently modified their holdings of the stock. Dnca Finance raised its stake in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after acquiring an additional 407 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock valued at $143,000 after acquiring an additional 712 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after acquiring an additional 788 shares in the last quarter. Amalgamated Bank raised its stake in shares of Life Time Group by 42.3% in the first quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock valued at $88,000 after acquiring an additional 862 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,075 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Life Time Group (NYSE:LTH)

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