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

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $40.30.

Several brokerages recently commented on LTH. KeyCorp assumed coverage on shares of Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research note on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and set a $43.00 price target on shares of Life Time Group in a research note on Thursday, March 12th. Wells Fargo & Company raised their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada raised their price target on shares of Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd.

Insider Activity

In other news, Director John G. Danhakl sold 4,991,749 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the transaction, the director owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Partners Group Private Equity sold 747,178 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $23,506,219.88. Following the transaction, the insider directly owned 2,431,203 shares of the company’s stock, valued at $76,485,646.38. The trade was a 23.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,846,581 shares of company stock valued at $853,539,242. Insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after buying an additional 1,068,208 shares during the period. Ameriprise Financial Inc. increased its position in shares of Life Time Group by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after buying an additional 2,091,712 shares during the period. Wellington Management Group LLP increased its position in shares of Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after buying an additional 34,964 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after buying an additional 2,156,033 shares during the period. Institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $33.43 on Thursday. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 1.36 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The firm has a 50 day simple moving average of $30.27 and a 200 day simple moving average of $28.36. Life Time Group has a one year low of $24.14 and a one year high of $35.33.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.39 EPS. Research analysts predict that Life Time Group will post 1.47 earnings per share 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.