Life Time Group Holdings, Inc. (NYSE:LTH) Stock Has Consensus Price Target of $56.14 According to Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $56.14.

Several equities research analysts have recently weighed in on LTH shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Life Time Group in a research note on Tuesday, November 3rd. Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a research report on Friday, July 31st. Barclays initiated coverage on Life Time Group in a research note on Monday, October 26th. They set an “overweight” rating and a $51.00 price objective for the company. Zacks Research cut Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, Morgan Stanley lifted their price objective on shares of Life Time Group from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, October 27th.

Life Time Group Price Performance

NYSE:LTH opened at $47.36 on Friday. Life Time Group has a 52 week low of $24.45 and a 52 week high of $48.61. The stock’s fifty day moving average is $41.98 and its two-hundred day moving average is $35.91. The company has a market capitalization of $10.64 billion, a P/E ratio of 29.68, a P/E/G ratio of 1.48 and a beta of 1.46. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The business had revenue of $893.52 million during the quarter, compared to the consensus estimate of $874.98 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts expect that Life Time Group will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group news, CFO Erik Weaver sold 6,713 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $44.83, for a total transaction of $300,943.79. Following the sale, the chief financial officer directly owned 76,418 shares in the company, valued at approximately $3,425,818.94. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Danhakl sold 2,879,154 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 6,214,115 shares of company stock worth $272,178,518. Corporate insiders own 13.30% of the company’s stock.

Institutional Trading of Life Time Group

Several large investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Life Time Group in the third quarter valued at $36,000. Hantz Financial Services Inc. grew its position in shares of Life Time Group by 213.8% in the third quarter. Hantz Financial Services Inc. now owns 1,070 shares of the company’s stock valued at $43,000 after purchasing an additional 729 shares during the last quarter. Nykredit A S purchased a new position in shares of Life Time Group during the 2nd quarter worth approximately $47,000. Anchor Investment Management LLC purchased a new position in shares of Life Time Group during the 2nd quarter worth approximately $68,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after purchasing an additional 587 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.