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

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $36.7692.

LTH has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. UBS Group set a $48.00 price target on shares of Life Time Group in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, Northland Securities set a $42.00 target price on Life Time Group in a research note on Friday, January 23rd.

Life Time Group Price Performance

Shares of LTH stock opened at $28.76 on Friday. The stock’s 50-day moving average is $27.37 and its 200 day moving average is $27.23. Life Time Group has a 1-year low of $24.14 and a 1-year high of $34.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The company has a market cap of $6.34 billion, a P/E ratio of 22.29, a PEG ratio of 0.89 and a beta of 1.68.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, beating the consensus estimate 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 net margin of 9.91% and a return on equity of 9.75%. Research analysts predict that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In related news, EVP Eric J. Buss sold 74,487 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $28.05, for a total value of $2,089,360.35. Following the transaction, the executive vice president owned 380,683 shares in the company, valued at approximately $10,678,158.15. This represents a 16.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 5,880 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total transaction of $178,222.80. Following the sale, the executive vice president owned 102,144 shares of the company’s stock, valued at approximately $3,095,984.64. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 256,670 shares of company stock worth $7,234,567 over the last quarter. Insiders own 8.70% of the company’s stock.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans purchased a new position in Life Time Group in the fourth quarter valued at $41,721,000. World Investment Advisors purchased a new position in shares of Life Time Group in the 4th quarter valued at about $224,000. Versor Investments LP raised its holdings in Life Time Group by 34.6% in the 4th quarter. Versor Investments LP now owns 21,364 shares of the company’s stock worth $568,000 after purchasing an additional 5,490 shares during the period. Principal Financial Group Inc. boosted its position in Life Time Group by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,192,214 shares of the company’s stock worth $58,269,000 after purchasing an additional 96,796 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in Life Time Group by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 38,721 shares of the company’s stock valued at $1,029,000 after purchasing an additional 1,964 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.