Life Time Group Holdings, Inc. (NYSE:LTH) Receives $27.78 Average Target Price from Analysts

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $27.78.

Several brokerages have commented on LTH. Northland Securities boosted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America upped their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Wells Fargo & Company raised their price target on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Finally, 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 report on Wednesday, October 16th.

Insider Buying and Selling at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value 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. The trade was a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 75,866 shares in the company, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of institutional investors have recently bought and sold shares of LTH. Amalgamated Bank raised its position in shares of Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the period. Point72 Hong Kong Ltd acquired a new position in Life Time Group in the 3rd quarter valued at $60,000. Blue Trust Inc. lifted its position in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after acquiring an additional 2,280 shares during the period. Finally, FMR LLC grew its holdings in shares of 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 in the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Up 0.1 %

NYSE:LTH opened at $23.54 on Friday. The stock has a 50-day simple moving average of $24.33 and a 200 day simple moving average of $22.22. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.11. The company has a market cap of $4.87 billion, a PE ratio of 34.13, a PEG ratio of 1.56 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Life Time Group (NYSE:LTH) last issued 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 business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, sell-side analysts expect that Life Time Group will post 0.56 EPS for the current fiscal 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.