Life Time Group (NYSE:LTH) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of Life Time Group (NYSE:LTH) in a research note released on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $29.00 price objective on the stock.

A number of other research analysts have also recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley upped their price objective 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. Royal Bank of Canada lifted their target price on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Bank of America increased their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Northland Securities boosted their price objective on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $27.78.

Life Time Group Stock Performance

NYSE:LTH opened at $24.53 on Friday. The stock has a market capitalization of $5.08 billion, a P/E ratio of 35.55, a PEG ratio of 1.57 and a beta of 1.89. 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 has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The company has a 50 day moving average price of $24.42 and a 200 day moving average price of $21.44.

Life Time Group (NYSE:LTH) last posted 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 return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the company posted $0.09 EPS. Life Time Group’s revenue was up 18.5% on a year-over-year basis. Equities research analysts forecast that Life Time Group will post 0.56 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on Tuesday, October 15th. The shares were 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 owns 75,866 shares in the company, valued at $1,963,412.08. This represents a 5.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its position in Life Time Group by 402.6% in the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after acquiring an additional 83,654 shares during the period. Quest Partners LLC purchased a new stake in shares of Life Time Group during the second quarter worth approximately $549,000. Farther Finance Advisors LLC grew its position in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock worth $7,111,000 after acquiring an additional 75,054 shares during the period. Finally, Peregrine Asset Advisers Inc. purchased a new stake in shares of Life Time Group in the second quarter valued at about $3,134,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.