Analysts Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $37.00

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.00.

Several equities research analysts recently issued reports on LTH shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. Morgan Stanley lowered their price objective 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. Wall Street Zen lowered Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, UBS Group set a $48.00 target price on Life Time Group in a research report on Friday, October 17th.

Life Time Group Trading Up 1.4%

Shares of NYSE LTH opened at $27.93 on Friday. The business has a 50 day simple moving average of $26.17 and a 200 day simple moving average of $27.81. Life Time Group has a 52 week low of $21.49 and a 52 week high of $34.99. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.89 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67.

Life Time Group (NYSE:LTH) last posted its 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 firm had revenue of $782.65 million during the quarter, compared to analysts’ expectations of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Life Time Group has set its FY 2025 guidance at EPS. On average, research analysts predict that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Partners Group Private Equity sold 745,707 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total value of $21,588,217.65. Following the transaction, the insider directly owned 3,720,500 shares in the company, valued at approximately $107,708,475. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Kristofer Galashan sold 4,991,976 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the transaction, the director directly owned 24,906,061 shares of the company’s stock, valued at approximately $721,030,465.95. This represents a 16.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,734,505 shares of company stock valued at $310,745,263 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd bought a new stake in shares of Life Time Group in the third quarter valued at approximately $8,280,000. Penn Capital Management Company LLC raised its stake in Life Time Group by 0.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 526,733 shares of the company’s stock valued at $14,574,000 after purchasing an additional 3,786 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Life Time Group in the 3rd quarter valued at $400,000. Oberweis Asset Management Inc. grew its position in Life Time Group by 6.7% in the 3rd quarter. Oberweis Asset Management Inc. now owns 866,400 shares of the company’s stock worth $23,913,000 after purchasing an additional 54,100 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Life Time Group by 69.6% during the 3rd quarter. XTX Topco Ltd now owns 39,784 shares of the company’s stock worth $1,098,000 after purchasing an additional 16,323 shares during the period. 79.40% of the stock is owned by institutional investors.

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.