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

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.00.

Several brokerages have commented on LTH. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. UBS Group set a $48.00 price objective on Life Time Group in a research note on Friday, October 17th. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley lowered their price target on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,846 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the transaction, the chief financial officer directly owned 81,765 shares of the company’s stock, valued at $2,052,301.50. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric J. Buss sold 74,487 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the transaction, the executive vice president directly owned 380,683 shares of the company’s stock, valued at $10,678,158.15. This represents a 16.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 242,055 shares of company stock worth $6,773,720 in the last ninety days. 8.70% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Life Time Group by 30.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 787,109 shares of the company’s stock worth $23,771,000 after purchasing an additional 184,738 shares during the last quarter. HighTower Advisors LLC bought a new stake in Life Time Group in the first quarter valued at approximately $436,000. Russell Investments Group Ltd. lifted its position in shares of Life Time Group by 418.0% in the first quarter. Russell Investments Group Ltd. now owns 260,461 shares of the company’s stock valued at $7,866,000 after buying an additional 210,178 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Life Time Group by 5,334.3% in the first quarter. Raymond James Financial Inc. now owns 754,937 shares of the company’s stock valued at $22,799,000 after buying an additional 741,045 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Life Time Group by 26.7% during the 1st quarter. Northern Trust Corp now owns 889,696 shares of the company’s stock worth $26,869,000 after acquiring an additional 187,762 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Up 0.2%

LTH opened at $25.99 on Thursday. Life Time Group has a one year low of $21.49 and a one year high of $34.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The stock’s fifty day moving average is $25.84 and its 200-day moving average is $27.53. The company has a market capitalization of $5.73 billion, a PE ratio of 20.14, a P/E/G ratio of 0.82 and a beta of 1.67.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. On average, equities analysts predict that Life Time Group will post 0.74 EPS for the current fiscal year.

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.