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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.00.

A number of research analysts have issued reports on the company. TheStreet raised Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Mizuho cut their price target on Life Time Group from $26.00 to $23.00 and set a “buy” rating for the company in a report on Monday, March 4th. Northland Securities assumed coverage on Life Time Group in a report on Tuesday. They issued an “outperform” rating and a $23.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on Life Time Group from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, February 29th.

Life Time Group Stock Up 0.3 %

Shares of NYSE LTH opened at $14.15 on Friday. The stock has a market cap of $2.78 billion, a PE ratio of 37.24 and a beta of 1.74. The business has a fifty day moving average of $14.19 and a two-hundred day moving average of $14.18. Life Time Group has a 52-week low of $11.10 and a 52-week high of $22.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.22 and a current ratio of 0.31.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $558.80 million during the quarter, compared to analysts’ expectations of $555.51 million. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share. As a group, equities research analysts expect that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the sale, the executive vice president now owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently modified their holdings of the stock. Moody National Bank Trust Division grew its position in shares of Life Time Group by 51.7% during the 1st quarter. Moody National Bank Trust Division now owns 102,167 shares of the company’s stock worth $1,586,000 after buying an additional 34,838 shares during the period. Vanguard Group Inc. lifted its stake in Life Time Group by 35.2% in the 4th quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock valued at $96,530,000 after acquiring an additional 1,665,006 shares in the last quarter. Wellington Management Group LLP bought a new stake in Life Time Group in the 4th quarter valued at approximately $14,544,000. Nebula Research & Development LLC bought a new stake in Life Time Group in the 4th quarter valued at approximately $776,000. Finally, Bellevue Group AG bought a new stake in Life Time Group in the 4th quarter valued at approximately $380,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Company Profile

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.