Life Time Group’s (LTH) Buy Rating Reaffirmed at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Life Time Group (NYSE:LTH) in a research note issued to investors on Friday,Benzinga reports. Guggenheim currently has a $32.00 price target on the stock, up from their prior price target of $29.00.

LTH has been the subject of a number of other research reports. Northland Securities lifted their target price on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley lifted their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI started coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.75.

Life Time Group Trading Up 3.9 %

Shares of Life Time Group stock opened at $27.67 on Friday. Life Time Group has a 12-month low of $11.89 and a 12-month high of $27.74. The firm’s 50 day simple moving average is $23.63 and its two-hundred day simple moving average is $23.27. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the company earned $0.09 earnings per share. Life Time Group’s revenue was up 18.5% on a year-over-year basis. Analysts predict that Life Time Group will post 0.56 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at $4,790,650. This represents a 11.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Amalgamated Bank raised its holdings in shares of Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Life Time Group in the 3rd quarter valued at $60,000. Blue Trust Inc. boosted its stake in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the last quarter. Finally, FMR LLC boosted its stake in Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after purchasing an additional 3,650 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.