Life Time Group (NYSE:LTH) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Life Time Group (NYSE:LTH – Get Rating) from a sell rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Life Time Group Holdings Inc. reshaped the way consumers approach their health through omnichannel, healthy way of life communities that address all aspects of healthy living, healthy aging and healthy entertainment. Life Time Group Holdings Inc. is based in CHANHASSEN, Minn. “

Several other equities research analysts have also recently issued reports on LTH. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Life Time Group from $21.00 to $20.00 and set a buy rating for the company in a research report on Friday, March 11th. BMO Capital Markets decreased their price objective on shares of Life Time Group from $20.00 to $14.00 and set a market perform rating for the company in a research report on Friday, March 11th. Morgan Stanley decreased their price objective on shares of Life Time Group from $21.00 to $17.00 and set an equal weight rating for the company in a research report on Friday, March 11th. Mizuho decreased their price objective on shares of Life Time Group from $24.00 to $18.00 and set a buy rating for the company in a research report on Monday, March 14th. Finally, Royal Bank of Canada decreased their price objective on shares of Life Time Group from $21.00 to $16.00 and set an outperform rating for the company in a research report on Friday, March 11th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $19.22.

Life Time Group stock opened at $15.34 on Thursday. Life Time Group has a 52-week low of $10.53 and a 52-week high of $23.37. 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 $14.65.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of LTH. LGT Capital Partners LTD. increased its stake in shares of Life Time Group by 75.0% during the first quarter. LGT Capital Partners LTD. now owns 385,000 shares of the company’s stock worth $5,598,000 after acquiring an additional 165,000 shares during the period. Norges Bank acquired a new position in shares of Life Time Group during the fourth quarter worth about $11,611,000. BlackRock Inc. acquired a new position in shares of Life Time Group during the fourth quarter worth about $38,453,000. Wells Fargo & Company MN acquired a new position in shares of Life Time Group during the fourth quarter worth about $425,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Life Time Group during the fourth quarter worth about $295,000.

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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