Life Time Group Holdings, Inc. (NYSE:LTH) Receives $27.78 Average PT from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $27.78.

LTH has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Bank of America raised their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Northland Securities increased their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th.

Life Time Group Trading Down 0.5 %

NYSE:LTH opened at $23.14 on Friday. Life Time Group has a 52 week low of $11.89 and a 52 week high of $27.11. The firm has a 50 day moving average of $24.30 and a 200 day moving average of $22.28. 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 capitalization of $4.79 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 1.56 and a beta of 1.88.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 EPS. As a group, sell-side analysts anticipate that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the firm’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 sale, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of the firm’s 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 sale, the chief financial officer now 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. 12.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its holdings in Life Time Group by 38.2% during 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. Farther Finance Advisors LLC lifted its holdings in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Assetmark Inc. lifted its holdings in Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after purchasing an additional 941 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock valued at $199,000 after purchasing an additional 1,866 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Life Time Group by 2.2% during the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock valued at $2,292,000 after purchasing an additional 1,987 shares in the last quarter. 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.