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

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

LTH has been the topic of several recent research reports. Northland Securities lifted their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada lifted their price target on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Morgan Stanley increased their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Bank of America upped their target price on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th.

Insider Activity at Life Time Group

In other Life Time Group 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 completion of the sale, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,229,662 shares of company stock valued at $88,338,653. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after buying an additional 563 shares during the last quarter. Dnca Finance bought a new position in shares of Life Time Group during the 2nd quarter valued at $72,000. Blue Trust Inc. lifted its stake in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares during the last quarter. SG Americas Securities LLC bought a new stake in Life Time Group in the second quarter worth $141,000. Finally, Hsbc Holdings PLC acquired a new position in Life Time Group during the second quarter worth $192,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Price Performance

NYSE LTH opened at $23.51 on Friday. The firm has a market capitalization of $4.69 billion, a PE ratio of 43.54, a P/E/G ratio of 3.35 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. Life Time Group has a 12 month low of $11.10 and a 12 month high of $27.11. The company’s 50 day simple moving average is $24.49 and its 200 day simple moving average is $20.06.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, equities research analysts forecast that Life Time Group will post 0.58 EPS for the current fiscal year.

Life Time Group Company Profile

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.