Evercore ISI Initiates Coverage on Life Time Group (NYSE:LTH)

Evercore ISI began coverage on shares of Life Time Group (NYSE:LTH) in a research report report published on Friday, MarketBeat reports. The brokerage issued an outperform rating and a $29.00 price objective on the stock.

LTH has been the subject of a number of other reports. Northland Securities raised their price target on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Bank of America raised their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Morgan Stanley increased their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Royal Bank of Canada increased their price objective on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company increased their price objective on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.78.

Life Time Group Trading Up 0.6 %

Shares of NYSE LTH opened at $24.69 on Friday. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.11. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 1.58 and a beta of 1.89. 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 business has a fifty day simple moving average of $24.43 and a 200-day simple moving average of $21.60.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data 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). The business 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 firm’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. Sell-side analysts predict that Life Time Group will post 0.56 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several institutional investors have recently modified their holdings of LTH. Dimensional Fund Advisors LP lifted its position in shares of Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after buying an additional 770,766 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of 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 worth $74,487,000 after buying an additional 758,757 shares during the period. Hood River Capital Management LLC lifted its position in shares of Life Time Group by 44.0% during the 2nd quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock worth $34,117,000 after buying an additional 553,881 shares during the period. Point72 Asset Management L.P. raised its position in Life Time Group by 135.9% in the 3rd 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. Finally, Braun Stacey Associates Inc. raised its position in Life Time Group by 113.7% in the 3rd quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company’s stock valued at $20,752,000 after purchasing an additional 452,197 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.