Life Time Group (NYSE:LTH) Rating Lowered to “Hold” at Zacks Research

Life Time Group (NYSE:LTH) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other brokerages have also commented on LTH. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on shares of Life Time Group in a research report on Friday, July 31st. Guggenheim reissued a “buy” rating and issued a $50.00 price target on shares of Life Time Group in a report on Wednesday, August 12th. Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Oppenheimer upped their price objective on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Finally, UBS Group set a $63.00 price target on Life Time Group in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Buy” and a consensus target price of $55.31.

Life Time Group Stock Up 1.3%

Shares of LTH stock opened at $41.13 on Monday. Life Time Group has a twelve month low of $24.14 and a twelve month high of $47.24. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.46 and a beta of 1.49. 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 simple moving average is $41.90 and its 200 day simple moving average is $37.76.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $845.75 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, research analysts predict that Life Time Group will post 1.59 EPS for the current year.

Insider Buying and Selling

In related news, Director John G. Danhakl sold 2,879,154 shares of the company’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 sale, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Bahram Akradi sold 438,257 shares of Life Time Group stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the transaction, the chief executive officer directly owned 3,615,086 shares in the company, valued at $162,787,322.58. The trade was a 10.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,971,850 shares of company stock worth $306,262,084. 13.30% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

A number of large investors have recently made changes to their positions in LTH. Nisa Investment Advisors LLC raised its position in Life Time Group by 76.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,340 shares of the company’s stock valued at $213,000 after buying an additional 2,316 shares during the last quarter. ANB Bank acquired a new position in shares of Life Time Group during the 3rd quarter worth approximately $280,000. GAMMA Investing LLC raised its stake in shares of Life Time Group by 24.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,799 shares of the company’s stock worth $191,000 after purchasing an additional 955 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Life Time Group by 171,200.0% in the third quarter. CoreCap Advisors LLC now owns 8,565 shares of the company’s stock valued at $342,000 after buying an additional 8,560 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Life Time Group during the second quarter worth $68,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.