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

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $44.00.

Several equities analysts have issued reports on LTH shares. Morgan Stanley boosted their target price on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Northland Securities raised their price target on Life Time Group from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, June 24th. Mizuho lifted their price target on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada upped their price objective on Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research report on Wednesday, May 6th.

Life Time Group Stock Down 0.2%

Shares of NYSE:LTH opened at $40.71 on Monday. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.68 and a beta of 1.51. The firm’s 50-day simple moving average is $33.74 and its 200-day simple moving average is $29.72. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group has a fifty-two week low of $24.14 and a fifty-two week high of $41.79.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. As a group, equities research analysts predict that Life Time Group will post 1.48 earnings per share for the current year.

Insider Transactions at Life Time Group

In other news, Director John Kristofer Galashan sold 4,991,749 shares of the company’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 transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This represents a 23.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Danhakl sold 4,991,749 shares of the stock in a transaction dated 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 $510,985,369.18. This represents a 23.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,943,861 shares of company stock valued at $857,228,555 in the last ninety days. 13.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Life Time Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in shares of Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares in the last quarter. Wexford Capital LP purchased a new position in Life Time Group in the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its stake in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Versant Capital Management Inc raised its holdings in Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Life Time Group during the fourth quarter worth $73,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.