Life Time Group (NYSE:LTH) Stock Price Down 5.4% – What’s Next?

Life Time Group Holdings, Inc. (NYSE:LTH) fell 5.4% on Tuesday . The company traded as low as $37.57 and last traded at $37.7380. Approximately 1,227,404 shares were traded during trading, a decline of 58% from the average session volume of 2,932,738 shares. The stock had previously closed at $39.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. KeyCorp increased their target price on Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, July 31st. The Goldman Sachs Group started coverage on Life Time Group in a research report on Monday, August 3rd. They issued a “buy” rating and a $53.00 price objective for the company. Morgan Stanley raised their target price on shares of Life Time Group from $39.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Jefferies Financial Group increased their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to MarketBeat, Life Time Group presently has a consensus rating of “Buy” and a consensus price target of $54.85.

Life Time Group Stock Down 5.4%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The stock’s 50-day moving average price is $43.28 and its two-hundred day moving average price is $35.70. The stock has a market capitalization of $8.44 billion, a PE ratio of 20.51, a P/E/G ratio of 1.47 and a beta of 1.48.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. As a group, analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Galashan sold 2,879,154 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares in the company, valued at $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John Danhakl sold 2,879,154 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares of the company’s stock, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,033,814 shares of company stock worth $308,650,511 in the last three months. Corporate insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Life Time Group during the fourth quarter worth $49,228,000. Dimensional Fund Advisors LP increased its holdings in shares of Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after acquiring an additional 1,068,208 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Life Time Group by 38.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after purchasing an additional 487,478 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in Life Time Group during the second quarter valued at about $16,302,000. Finally, Principal Financial Group Inc. boosted its position in Life Time Group by 18.1% during the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after purchasing an additional 397,248 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.