Life Time Group (NYSE:LTH) Now Covered by Northland Securities

Northland Securities started coverage on shares of Life Time Group (NYSE:LTH) in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $23.00 target price on the stock.

A number of other equities analysts have also commented on the company. Mizuho dropped their price objective on Life Time Group from $26.00 to $23.00 and set a buy rating on the stock in a research note on Monday, March 4th. TheStreet upgraded Life Time Group from a d+ rating to a c- rating in a research note on Tuesday, January 23rd. Finally, Royal Bank of Canada lifted their price objective on Life Time Group from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $19.88.

Life Time Group Trading Up 3.8 %

Life Time Group stock opened at $14.64 on Tuesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 38.51 and a beta of 1.74. Life Time Group has a one year low of $11.10 and a one year high of $22.41. The company’s fifty day moving average price is $14.12 and its two-hundred day moving average price is $14.18.

Life Time Group (NYSE:LTH) last posted its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. The firm had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. On average, analysts forecast that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

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

Institutional Investors Weigh In On Life Time Group

A number of institutional investors have recently added to or reduced their stakes in LTH. Trellus Management Company LLC acquired a new stake in Life Time Group during the third quarter valued at approximately $152,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Life Time Group by 62.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after acquiring an additional 4,330 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Life Time Group by 16.3% in the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock worth $185,000 after acquiring an additional 1,702 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Life Time Group in the 3rd quarter worth approximately $217,000. Finally, Arizona State Retirement System boosted its holdings in shares of Life Time Group by 21.8% in the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock worth $253,000 after acquiring an additional 2,982 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

About Life Time Group

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.