Life Time Group (NYSE:LTH) Upgraded at Zacks Research

Zacks Research upgraded shares of Life Time Group (NYSE:LTH) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

LTH has been the subject of several other reports. Guggenheim restated a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Morgan Stanley lifted their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Northland Securities set a $42.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.50.

Life Time Group Stock Up 0.4%

Shares of LTH opened at $26.26 on Monday. 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 0.48, a current ratio of 0.63 and a quick ratio of 0.52. The stock has a 50 day simple moving average of $28.11 and a two-hundred day simple moving average of $27.24. The firm has a market cap of $5.82 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.17 and a beta of 1.69.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $745.10 million for the quarter, compared to the consensus estimate of $740.09 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,329 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total value of $34,195.17. Following the transaction, the chief financial officer owned 136,166 shares of the company’s stock, valued at $3,503,551.18. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 5,880 shares of Life Time Group stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total value 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. This trade represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,790 shares of company stock worth $616,677 over the last three months. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently made changes to their positions in LTH. Vanguard Group Inc. raised its holdings in shares of Life Time Group by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares in the last quarter. Ameriprise Financial Inc. increased its position in Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after purchasing an additional 2,091,712 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Life Time Group by 17.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,021,829 shares of the company’s stock worth $186,646,000 after purchasing an additional 1,061,839 shares during the period. Wellington Management Group LLP lifted its position in shares of Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after purchasing an additional 2,156,033 shares in the last quarter. Institutional investors 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.