Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Recommendation of “Moderate Buy” from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $27.63.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price target on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Craig Hallum initiated coverage on shares of Life Time Group in a report on Friday, July 19th. They issued a “buy” rating and a $30.00 price target for the company. Northland Securities boosted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley upped their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Entropy Technologies LP purchased a new stake in Life Time Group during the first quarter valued at about $198,000. Vanguard Group Inc. boosted its holdings in Life Time Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after acquiring an additional 78,290 shares during the period. Hood River Capital Management LLC grew its position in Life Time Group by 3,657.9% during the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after acquiring an additional 1,224,485 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Life Time Group in the first quarter valued at approximately $357,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Down 2.6 %

LTH opened at $24.18 on Wednesday. The company has a 50 day moving average of $24.37 and a 200 day moving average of $20.90. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.11. The company has a market cap of $5.00 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. On average, sell-side analysts expect that Life Time Group will post 0.56 EPS for the current year.

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.