Jefferies Financial Group Begins Coverage on Life Time Group (NYSE:LTH)

Stock analysts at Jefferies Financial Group began coverage on shares of Life Time Group (NYSE:LTH) in a report released on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $40.00 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 50.12% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Guggenheim reissued a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Northland Securities set a $42.00 target price on Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reaffirmed 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 company an “overweight” rating in a research note on Monday, February 23rd. Finally, Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

Life Time Group Trading Down 0.5%

LTH opened at $26.65 on Tuesday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.20 and a beta of 1.69. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. Life Time Group has a twelve month low of $24.14 and a twelve month high of $34.99. The company has a 50-day simple moving average of $28.07 and a 200 day simple moving average of $27.17.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating 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 analyst estimates of $740.09 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts predict that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the sale, the executive vice president directly owned 110,967 shares in the company, valued at approximately $3,301,268.25. The trade was a 9.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 20,790 shares of company stock valued at $616,677. 8.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently bought and sold shares of LTH. GAMMA Investing LLC grew its holdings in shares of Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the last quarter. Wexford Capital LP acquired a new stake in Life Time Group during the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% in the 2nd 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 increased its position in Life Time Group by 2,741.7% in the 2nd 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 during the period. Finally, Asset Management One Co. Ltd. bought a new position in shares of Life Time Group during the third quarter valued at $69,000. Institutional investors own 79.40% of the company’s stock.

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.