Life Time Group Holdings, Inc. Forecasted to Post Q1 2024 Earnings of $0.11 Per Share (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH) – Analysts at Northland Capmk issued their Q1 2024 earnings per share (EPS) estimates for shares of Life Time Group in a research report issued to clients and investors on Tuesday, April 23rd. Northland Capmk analyst O. Rickert expects that the company will post earnings per share of $0.11 for the quarter. The consensus estimate for Life Time Group’s current full-year earnings is $0.56 per share. Northland Capmk also issued estimates for Life Time Group’s Q2 2024 earnings at $0.11 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.57 EPS.

Several other research analysts also recently commented on LTH. Mizuho cut their target price on Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Northland Securities started coverage on Life Time Group in a research report on Tuesday. They issued an “outperform” rating and a $23.00 price objective for the company. Royal Bank of Canada lifted their price objective on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, TheStreet raised Life Time Group from a “d+” rating to a “c-” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.88.

Life Time Group Stock Down 3.8 %

Shares of LTH opened at $14.10 on Friday. The company has a market capitalization of $2.77 billion, a PE ratio of 37.11 and a beta of 1.74. Life Time Group has a 12 month low of $11.10 and a 12 month high of $22.41. The stock’s 50-day moving average price is $14.17 and its two-hundred day moving average price is $14.18. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.82.

Life Time Group (NYSE:LTH) last announced its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. The firm had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS.

Hedge Funds Weigh In On Life Time Group

Hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in Life Time Group during the 3rd quarter valued at about $27,000. Trellus Management Company LLC acquired a new position in Life Time Group during the 3rd quarter valued at about $152,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Life Time Group by 62.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after purchasing an additional 4,330 shares during the last quarter. Assetmark Inc. boosted its stake in Life Time Group by 16.3% during the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after purchasing an additional 1,702 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Life Time Group during the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Insider Activity at Life Time Group

In related news, CFO Erik Weaver sold 5,269 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at approximately $2,742,700.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by corporate insiders.

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.