Life Time Group (NYSE:LTH) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Life Time Group (NYSE:LTH) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on LTH. Guggenheim reissued a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Morgan Stanley reduced their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Finally, Northland Securities set a $42.00 price objective on Life Time Group in a report on Friday. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $36.77.

Life Time Group Stock Performance

Life Time Group stock traded down $0.44 during mid-day trading on Monday, reaching $28.86. 616,044 shares of the stock traded hands, compared to its average volume of 2,290,736. Life Time Group has a 12-month low of $24.14 and a 12-month high of $34.99. The business’s 50-day moving average is $26.96 and its 200-day moving average is $27.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The stock has a market capitalization of $6.36 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.68.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. As a group, sell-side analysts predict that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other news, EVP Eric J. Buss sold 74,487 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at $10,678,158.15. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 249,297 shares of company stock worth $7,011,703. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after purchasing an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Life Time Group by 25.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after acquiring an additional 14,267 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after acquiring an additional 1,428,446 shares during the period. Caxton Associates LLP acquired a new stake in shares of Life Time Group in the first quarter valued at about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after purchasing an additional 64,348 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.