Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Rating of “Buy” from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH – Get Rating) has been assigned a consensus rating of “Buy” from the eleven research firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $18.80.

LTH has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Morgan Stanley dropped their price target on 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. Royal Bank of Canada decreased their price objective on Life Time Group from $21.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, March 11th. BMO Capital Markets decreased their price objective on Life Time Group from $20.00 to $14.00 and set a “market perform” rating on the stock in a report on Friday, March 11th. Finally, Zacks Investment Research raised Life Time Group from a “sell” rating to a “hold” rating and set a $15.00 price objective on the stock in a report on Thursday, May 12th.

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $56,896,000. Strs Ohio purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $154,000. Rokos Capital Management LLP purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $5,139,000. JPMorgan Chase & Co. purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $63,469,000. Finally, Northern Trust Corp purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $5,909,000. 73.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LTH opened at $14.34 on Wednesday. Life Time Group has a 52 week low of $10.53 and a 52 week high of $23.37. The business has a 50-day simple moving average of $14.39 and a two-hundred day simple moving average of $16.18. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.24 and a current ratio of 0.35.

Life Time Group (NYSE:LTH – Get Rating) last issued its quarterly earnings results on Thursday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The business had revenue of $360.50 million for the quarter, compared to the consensus estimate of $356.93 million. The company’s revenue was up 57.8% on a year-over-year basis. On average, equities research analysts expect that Life Time Group will post -0.26 EPS for the current fiscal year.

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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