Life Time Group Holdings, Inc. (NYSE:LTH) Receives $19.22 Consensus Price Target from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH – Get Rating) has been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.22.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Life Time Group from a “sell” rating to a “hold” rating in a research note on Friday. Morgan Stanley reduced their price objective on Life Time Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, March 11th. Mizuho reduced their price objective on Life Time Group from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. BMO Capital Markets reduced their price objective on Life Time Group from $20.00 to $14.00 and set a “market perform” rating on the stock in a research note on Friday, March 11th. Finally, Royal Bank of Canada reduced their price objective on Life Time Group from $21.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th.

Shares of Life Time Group stock traded up $0.31 on Tuesday, hitting $14.53. 356,331 shares of the company’s stock traded hands, compared to its average volume of 530,466. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 0.85. The business’s 50-day simple moving average is $14.62. Life Time Group has a 52-week low of $10.53 and a 52-week high of $23.37.

Life Time Group (NYSE:LTH – Get Rating) last released its earnings results on Thursday, March 10th. The company reported ($1.64) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($1.42). The firm had revenue of $360.50 million during the quarter, compared to the consensus estimate of $356.93 million. Life Time Group’s revenue was up 57.8% compared to the same quarter last year. As a group, equities analysts predict that Life Time Group will post -0.31 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. acquired a new position in shares of Life Time Group during the fourth quarter valued at $46,000. Legal & General Group Plc acquired a new position in Life Time Group during the fourth quarter worth about $109,000. Strs Ohio acquired a new position in Life Time Group during the fourth quarter worth about $154,000. Point72 Hong Kong Ltd acquired a new position in Life Time Group during the fourth quarter worth about $162,000. Finally, Citigroup Inc. acquired a new position in Life Time Group during the fourth quarter worth about $192,000.

Life Time Group Company Profile (Get Rating)

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.

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