Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $27.89

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. Three equities research 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 brokers that have issued ratings on the stock in the last year is $27.89.

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Evercore ISI assumed coverage on shares of 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. Northland Securities boosted their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th.

Life Time Group Price Performance

LTH opened at $22.79 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $23.39 and its 200 day moving average price is $22.86. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.46 and a beta of 1.88.

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

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group 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 transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the last quarter. Amalgamated Bank increased its stake in 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 purchasing an additional 563 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Life Time Group in the third quarter worth $60,000. Blue Trust Inc. grew its stake in Life Time Group by 345.5% in the third 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 raised its holdings 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 buying an additional 3,650 shares during the period. Institutional investors own 79.40% of the company’s stock.

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.