Life Time Group (NYSE:LTH) Coverage Initiated by Analysts at Northland Securities

Northland Securities started coverage on shares of Life Time Group (NYSE:LTH) in a research note published on Tuesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $23.00 price target on the stock.

Several other analysts have also issued reports on the stock. Mizuho dropped their target price on shares of Life Time Group from $26.00 to $23.00 and set a buy rating on the stock in a research report on Monday, March 4th. TheStreet upgraded shares of Life Time Group from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada lifted their target price on shares of Life Time Group from $18.00 to $20.00 and gave the company an outperform rating in a research report on Thursday, February 29th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, 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 %

LTH opened at $14.10 on Tuesday. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $22.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.22 and a current ratio of 0.31. The company has a fifty day moving average of $14.17 and a two-hundred day moving average of $14.18. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 37.11 and a beta of 1.74.

Life Time Group (NYSE:LTH) last announced its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.10. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The business had revenue of $558.80 million for the quarter, compared to analyst estimates of $555.51 million. During the same quarter last year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts expect that Life Time Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Life Time Group by 16.3% in 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. DekaBank Deutsche Girozentrale acquired a new position in Life Time Group in the 3rd quarter valued at about $27,000. Arizona State Retirement System boosted its holdings in Life Time Group by 21.8% in the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock valued at $253,000 after purchasing an additional 2,982 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Life Time Group by 62.1% in 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. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Life Time Group by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after acquiring an additional 5,995 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.