Life Time Group (NYSE:LTH) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Life Time Group (NYSE:LTH) in a report published on Tuesday. The brokerage issued a buy rating and a $40.00 price target on the stock.

Other analysts have also issued reports about the company. Zacks Research raised Life Time Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Guggenheim reissued a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Northland Securities set a $42.00 target price on Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Morgan Stanley lifted their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.57.

Life Time Group Price Performance

Life Time Group stock opened at $27.15 on Tuesday. The stock’s fifty day moving average price is $28.07 and its two-hundred day moving average price is $27.19. The firm has a market cap of $6.02 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.14 and a beta of 1.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52. Life Time Group has a one year low of $24.14 and a one year high of $34.99.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The firm had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. During the same period in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the transaction, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the sale, the executive vice president directly owned 110,967 shares in the company, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 20,790 shares of company stock valued at $616,677. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Institutional investors have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Life Time Group by 5.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,176,506 shares of the company’s stock valued at $84,432,000 after purchasing an additional 151,510 shares in the last quarter. Invesco Ltd. increased its position in shares of Life Time Group by 138.1% in the fourth quarter. Invesco Ltd. now owns 2,333,283 shares of the company’s stock worth $62,019,000 after purchasing an additional 1,353,304 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Life Time Group by 9.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,894,241 shares of the company’s stock worth $76,929,000 after buying an additional 257,454 shares in the last quarter. VR Advisory Services Ltd purchased a new position in shares of Life Time Group during the 4th quarter valued at about $19,024,000. Finally, Wellington Management Group LLP lifted its stake in shares of Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after purchasing an additional 34,964 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

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.