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

Zacks Research upgraded shares of Life Time Group (NYSE:LTH) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on LTH. Oppenheimer increased their price objective on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Northland Securities boosted their target price on shares of Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 24th. Morgan Stanley boosted their target price on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price target on shares of Life Time Group in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $49.00 price target on shares of Life Time Group in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $45.67.

Life Time Group Price Performance

NYSE LTH opened at $42.33 on Thursday. Life Time Group has a twelve month low of $24.14 and a twelve month high of $43.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The stock has a market capitalization of $9.42 billion, a PE ratio of 24.75, a P/E/G ratio of 1.69 and a beta of 1.51. The stock has a 50-day simple moving average of $37.24 and a 200 day simple moving average of $31.31.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. Research analysts anticipate that Life Time Group will post 1.53 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Partners Group Private Equity sold 329,921 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $9,435,740.60. Following the completion of the transaction, the insider directly owned 1,651,322 shares in the company, valued at approximately $47,227,809.20. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John G. Danhakl sold 2,208,580 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $63,165,388.00. Following the completion of the transaction, the director directly owned 11,027,703 shares of the company’s stock, valued at approximately $315,392,305.80. This trade represents a 16.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 27,943,861 shares of company stock worth $857,228,555. 13.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC lifted its holdings in shares of Life Time Group by 4.0% during the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after acquiring an additional 420 shares during the period. Harbour Investments Inc. boosted its position in shares of Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after acquiring an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the period. Strs Ohio increased its stake in Life Time Group by 10.0% in the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $175,000 after acquiring an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after purchasing an additional 717 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.