Life Time Group Holdings, Inc. (NYSE:LTH) Receives $40.30 Consensus Target Price from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $40.80.

A number of analysts recently issued reports on the stock. Guggenheim increased their price target on shares of Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley increased their price target on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a report on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a research report on Tuesday, May 5th.

Insiders Place Their Bets

In other news, major shareholder Partners Group Private Equity sold 329,921 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $9,435,740.60. Following the completion of the sale, the insider directly owned 1,651,322 shares in the company, valued at $47,227,809.20. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Kristofer Galashan sold 2,208,580 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the completion of the sale, the director owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. This trade represents a 16.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 27,876,110 shares of company stock valued at $854,609,979. Corporate insiders own 13.30% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently modified their holdings of LTH. Wellington Management Group LLP grew its holdings in shares of Life Time Group by 129.3% in the third quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock valued at $160,868,000 after purchasing an additional 3,286,229 shares during the period. Bank of America Corp DE grew its holdings in shares of Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after purchasing an additional 2,156,033 shares during the period. Ameriprise Financial Inc. grew its holdings 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 valued at $216,644,000 after purchasing an additional 2,091,712 shares during the period. Norges Bank purchased a new stake in shares of Life Time Group in the fourth quarter valued at about $49,228,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Life Time Group by 2,328.1% in the second quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after purchasing an additional 1,775,837 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $34.14 on Thursday. The company’s fifty day moving average price is $30.73 and its 200 day moving average price is $28.53. Life Time Group has a 1 year low of $24.14 and a 1 year high of $35.33. The company has a market capitalization of $7.60 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that Life Time Group will post 1.48 earnings per share for the current year.

Life Time Group Company Profile

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.