Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $54.85

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned an average recommendation of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $54.8462.

LTH has been the subject of a number of research reports. Mizuho raised their price objective on Life Time Group from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Guggenheim reaffirmed a “buy” rating and set a $50.00 target price on shares of Life Time Group in a research report on Wednesday, August 12th. KeyCorp increased their target price on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. The Goldman Sachs Group began coverage on shares of Life Time Group in a research report on Monday, August 3rd. They issued a “buy” rating and a $53.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a research note on Friday, July 31st.

Life Time Group Stock Performance

Shares of LTH opened at $44.43 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The stock has a 50-day moving average of $42.71 and a 200-day moving average of $34.07. The company has a market cap of $9.93 billion, a PE ratio of 24.15, a P/E/G ratio of 1.62 and a beta of 1.50. Life Time Group has a one year low of $24.14 and a one year high of $47.24.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Life Time Group will post 1.59 EPS for the current fiscal year.

Insider Activity

In related news, CEO Bahram Akradi sold 438,257 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $45.03, for a total value of $19,734,712.71. Following the transaction, the chief executive officer owned 3,615,086 shares of the company’s stock, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric J. Buss sold 479,240 shares of Life Time Group stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $44.97, for a total value of $21,551,422.80. Following the transaction, the executive vice president owned 474,008 shares of the company’s stock, valued at $21,316,139.76. This trade represents a 50.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 5,883,869 shares of company stock valued at $186,023,546. 13.30% of the stock is currently owned by insiders.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans bought a new stake in Life Time Group during the fourth quarter worth $41,721,000. Handelsbanken Fonder AB raised its position in Life Time Group by 138.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after buying an additional 36,800 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Life Time Group by 455.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock valued at $2,050,000 after acquiring an additional 62,393 shares in the last quarter. Vanguard Group Inc. lifted its stake in Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Life Time Group by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock worth $93,572,000 after acquiring an additional 207,822 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

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.