Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $39.50.

A number of research analysts have commented on LTH shares. Northland Securities set a $42.00 price objective on Life Time Group in a report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Morgan Stanley boosted their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Guggenheim restated a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Finally, Zacks Research raised shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 1,493 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the sale, the chief financial officer directly owned 77,771 shares in the company, valued at approximately $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total value of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This trade 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 have sold 20,790 shares of company stock worth $616,677. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after purchasing an additional 143,487 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares during the period. Dimensional Fund Advisors LP raised its stake in Life Time Group by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,021,829 shares of the company’s stock valued at $186,646,000 after purchasing an additional 1,061,839 shares in the last quarter. Wellington Management Group LLP lifted its position in Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE lifted its position in Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Trading Down 2.8%

Shares of NYSE:LTH opened at $25.38 on Tuesday. Life Time Group has a 12-month low of $24.14 and a 12-month high of $34.99. The business has a 50 day moving average of $28.07 and a 200-day moving average of $27.21. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.63 billion, a PE ratio of 15.29, a P/E/G ratio of 1.14 and a beta of 1.69.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $745.10 million for the quarter, compared to analyst estimates of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. As a group, equities research analysts forecast that Life Time Group will post 0.74 earnings per share for the current year.

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.