Analysts Set Life Time Group Holdings, Inc. (NYSE:LTH) Price Target at $27.63

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.63.

Several equities analysts have recently issued reports on LTH shares. The Goldman Sachs Group lifted their price objective on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Bank of America boosted 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. Craig Hallum assumed coverage on shares of Life Time Group in a report on Friday, July 19th. They issued a “buy” rating and a $30.00 price objective on the stock. Northland Securities boosted their target price 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. 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.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the business’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 transaction, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

Large investors have recently modified their holdings of the business. Barclays PLC grew its stake in Life Time Group by 119.0% during the 3rd quarter. Barclays PLC now owns 248,698 shares of the company’s stock valued at $6,073,000 after purchasing an additional 135,116 shares in the last quarter. Jane Street Group LLC grew its stake in Life Time Group by 146.8% in the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after purchasing an additional 108,283 shares in the last quarter. State Street Corp raised its stake in Life Time Group by 14.1% during the third quarter. State Street Corp now owns 1,421,790 shares of the company’s stock valued at $34,720,000 after buying an additional 176,154 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Life Time Group in the 3rd quarter worth approximately $697,000. Finally, Petrus Trust Company LTA acquired a new stake in shares of Life Time Group during the 3rd quarter valued at approximately $618,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Down 0.5 %

Shares of LTH opened at $23.71 on Wednesday. The stock has a 50 day moving average price of $24.40 and a 200 day moving average price of $21.01. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.55 and a beta of 1.89. Life Time Group has a one year low of $11.89 and a one year 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 the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same period in the previous year, the firm posted $0.09 EPS. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts forecast that Life Time Group will post 0.56 earnings per share for the current fiscal year.

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.