Life Time Group Holdings, Inc. (NYSE:LTH) Receives $37.00 Average Price Target from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $37.00.

LTH has been the topic of several analyst reports. Morgan Stanley cut their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. UBS Group set a $48.00 target price on shares of Life Time Group in a report on Friday, October 17th. Finally, Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th.

Life Time Group Stock Performance

LTH opened at $26.50 on Thursday. Life Time Group has a 1-year low of $21.49 and a 1-year high of $34.99. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 0.84 and a beta of 1.67. The company’s fifty day moving average price is $25.88 and its two-hundred day moving average price is $27.49. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. On average, analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the sale, the chief financial officer directly owned 81,765 shares of the company’s stock, valued at $2,052,301.50. This trade represents a 5.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Eric J. Buss sold 162,722 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at $10,674,351.32. This trade represents a 29.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 242,055 shares of company stock worth $6,773,720. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LTH. Fisher Asset Management LLC purchased a new stake in shares of Life Time Group during the 2nd quarter valued at approximately $43,473,000. Divisadero Street Capital Management LP purchased a new position in Life Time Group during the 2nd quarter valued at about $5,381,000. Moody National Bank Trust Division grew its holdings in Life Time Group by 12.1% during the 2nd quarter. Moody National Bank Trust Division now owns 112,501 shares of the company’s stock valued at $3,412,000 after buying an additional 12,178 shares in the last quarter. Norges Bank purchased a new stake in shares of Life Time Group in the second quarter worth about $50,999,000. Finally, Integrity Alliance LLC. purchased a new stake in Life Time Group in the 1st quarter worth approximately $305,000. Hedge funds and other institutional investors 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.