Life Time Group (LTH) – Investment Analysts’ Weekly Ratings Changes

Life Time Group (NYSE: LTH) recently received a number of ratings updates from brokerages and research firms:

• 3/10/2023 – Life Time Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $12.00 to $15.00. They now have a “neutral” rating on the stock.
• 3/9/2023 – Life Time Group had its price target raised by analysts at Wells Fargo & Company from $14.00 to $15.00. They now have an “underweight” rating on the stock.
• 3/9/2023 – Life Time Group had its price target raised by analysts at Royal Bank of Canada from $20.00 to $21.00. They now have a “market outperform” rating on the stock.
• 3/9/2023 – Life Time Group had its price target raised by analysts at Mizuho from $17.00 to $20.00. They now have a “buy” rating on the stock.
• 1/31/2023 – Life Time Group had its price target raised by analysts at Morgan Stanley from $15.00 to $18.00. They now have an “equal weight” rating on the stock.
• 1/23/2023 – Life Time Group had its price target raised by analysts at Guggenheim from $17.00 to $21.00. They now have a “buy” rating on the stock.

Life Time Group Stock Performance

NYSE:LTH opened at $16.73 on Wednesday. Life Time Group Holdings, Inc. has a twelve month low of $8.75 and a twelve month high of $20.35. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $17.66 and a 200-day moving average of $13.67. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -836.08 and a beta of 1.81.

Life Time Group (NYSE:LTH – Get Rating) last announced its earnings results on Wednesday, March 8th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Life Time Group had a negative net margin of 0.10% and a negative return on equity of 2.76%. The company had revenue of $472.70 million during the quarter, compared to analysts’ expectations of $472.52 million. During the same period last year, the company posted ($0.18) earnings per share. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Analysts forecast that Life Time Group Holdings, Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MSD Capital L P acquired a new position in shares of Life Time Group in the fourth quarter worth about $139,873,000. Principal Financial Group Inc. lifted its position in shares of Life Time Group by 29.9% in the second quarter. Principal Financial Group Inc. now owns 4,741,125 shares of the company’s stock worth $61,065,000 after purchasing an additional 1,092,156 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Life Time Group by 6.0% in the third quarter. Vanguard Group Inc. now owns 4,506,115 shares of the company’s stock worth $43,935,000 after purchasing an additional 254,551 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Life Time Group by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 4,195,235 shares of the company’s stock worth $54,035,000 after purchasing an additional 62,989 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Life Time Group by 9.8% in the third quarter. BlackRock Inc. now owns 2,839,012 shares of the company’s stock worth $27,680,000 after purchasing an additional 253,448 shares in the last quarter. 72.54% of the stock is currently owned by institutional investors and hedge funds.

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 sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.