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

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $40.1250.

Several brokerages have recently weighed in on LTH. Jefferies Financial Group began coverage on shares of Life Time Group in a research note on Tuesday, March 10th. They set a “buy” rating and a $40.00 price target on the stock. Wells Fargo & Company assumed coverage on Life Time Group in a research note on Wednesday, March 11th. They issued an “overweight” rating and a $37.00 price objective for the company. Morgan Stanley lifted their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. KeyCorp initiated coverage on Life Time Group in a report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target for the company. Finally, Northland Securities set a $42.00 price target on Life Time Group in a research report on Friday, January 23rd.

Insider Activity

In other Life Time Group news, EVP Parham Javaheri sold 11,060 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $26.46, for a total transaction of $292,647.60. Following the sale, the executive vice president owned 315,175 shares in the company, valued at approximately $8,339,530.50. This trade represents a 3.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the transaction, the executive vice president directly owned 110,967 shares in the company, valued at $3,301,268.25. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,850 shares of company stock valued at $909,324 in the last ninety days. Corporate insiders own 13.30% of the company’s stock.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares in the last quarter. Wexford Capital LP purchased a new stake in Life Time Group in the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC raised its holdings in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Life Time Group by 2,741.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in shares of Life Time Group in the third quarter valued at about $69,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Price Performance

NYSE LTH opened at $25.97 on Friday. The company has a 50-day moving average price of $27.77 and a 200-day moving average price of $27.00. Life Time Group has a 52 week low of $24.14 and a 52 week high of $34.99. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $5.76 billion, a P/E ratio of 15.65, a PEG ratio of 1.18 and a beta of 1.69.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The company had revenue of $745.10 million for the quarter, compared to the consensus estimate of $740.09 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Life Time Group will post 0.74 earnings per share for the current year.

About Life Time Group

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.