Life Time Group (NYSE:LTH) Given New $52.00 Price Target at KeyCorp

Life Time Group (NYSE:LTH) had its target price hoisted by research analysts at KeyCorp from $40.00 to $52.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 16.99% from the company’s current price.

LTH has been the subject of a number of other reports. Northland Securities boosted their price target on Life Time Group from $43.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Mizuho set a $63.00 price objective on Life Time Group in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $49.00 target price on shares of Life Time Group in a report on Wednesday, July 22nd. Morgan Stanley upped their price target on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $48.46.

Life Time Group Stock Down 2.7%

NYSE:LTH opened at $44.45 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market cap of $9.89 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.83 and a beta of 1.51. Life Time Group has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The firm has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $31.81.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million for the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. Analysts predict that Life Time Group will post 1.53 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 2,208,580 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the transaction, the director owned 11,027,703 shares of the company’s stock, valued at approximately $315,392,305.80. This trade represents a 16.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jimena Almendares sold 40,589 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the completion of the transaction, the director directly owned 36,983 shares of the company’s stock, valued at $1,242,258.97. This trade represents a 52.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,943,861 shares of company stock valued at $857,228,555. Company insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB increased its position in Life Time Group by 138.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after buying an additional 36,800 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Life Time Group by 36.6% in the second quarter. GAMMA Investing LLC now owns 3,844 shares of the company’s stock valued at $157,000 after purchasing an additional 1,029 shares during the period. Avior Wealth Management LLC purchased a new stake in Life Time Group in the second quarter valued at approximately $459,000. Versant Capital Management Inc lifted its stake in Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after purchasing an additional 587 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.