Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Recommendation of “Buy” from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $40.50.

LTH has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Morgan Stanley upped their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Mizuho increased their target price on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd.

Life Time Group Price Performance

Life Time Group stock opened at $32.95 on Friday. Life Time Group has a 52 week low of $24.14 and a 52 week high of $35.33. The business has a 50-day simple moving average of $28.46 and a 200 day simple moving average of $27.64. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.38 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that Life Time Group will post 1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, CFO Erik Weaver sold 22,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $32.69, for a total value of $719,180.00. Following the completion of the sale, the chief financial officer owned 114,166 shares in the company, valued at approximately $3,732,086.54. This trade represents a 16.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Parham Javaheri sold 62,900 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $31.80, for a total transaction of $2,000,220.00. Following the completion of the sale, the executive vice president directly owned 246,574 shares of the company’s stock, valued at approximately $7,841,053.20. This represents a 20.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 16,638,669 shares of company stock worth $507,722,099. Insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after purchasing an additional 143,487 shares during the period. Dimensional Fund Advisors LP raised its stake in Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after buying an additional 1,068,208 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Life Time Group by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the last quarter. Wellington Management Group LLP raised its stake in Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after buying an additional 34,964 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in 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 worth $117,797,000 after buying an additional 2,156,033 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.