Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.89.

LTH has been the topic of a number of research reports. Northland Securities lifted 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 note on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Evercore ISI assumed coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, 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.

Life Time Group Price Performance

LTH opened at $23.56 on Thursday. The company has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $22.99. 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 stock has a market cap of $4.88 billion, a P/E ratio of 34.15, a P/E/G ratio of 1.46 and a beta of 1.89. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.11.

Life Time Group (NYSE:LTH) last released its quarterly earnings results 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 business had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same period in the prior year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts expect that Life Time Group will post 0.56 EPS for the current year.

Insider Buying and Selling

In related news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 of the company’s stock, 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. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new stake in Life Time Group in the third quarter valued at approximately $31,575,000. Dimensional Fund Advisors LP raised its stake in Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after acquiring an additional 770,766 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Life Time Group by 33.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock valued at $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Hood River Capital Management LLC boosted its position in Life Time Group by 44.0% during the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock worth $34,117,000 after purchasing an additional 553,881 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of Life Time Group by 135.9% in the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock valued at $21,750,000 after purchasing an additional 513,033 shares during the last quarter. 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.