Life Time Group Holdings, Inc. (NYSE:LTH) Receives $27.78 Consensus Price Target from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $27.78.

A number of equities analysts have commented on LTH shares. Wells Fargo & Company boosted their price objective on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI began coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Northland Securities raised their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Bank of America raised their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th.

Life Time Group Trading Down 1.6 %

Shares of Life Time Group stock opened at $22.75 on Friday. Life Time Group has a 12-month low of $11.89 and a 12-month high of $27.11. The stock has a market capitalization of $4.71 billion, a P/E ratio of 32.97, a price-to-earnings-growth ratio of 1.49 and a beta of 1.88. The company has a 50-day simple moving average of $24.24 and a 200 day simple moving average of $22.38. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS. Research analysts expect that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares in the company, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Amalgamated Bank lifted its holdings in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Time Group in the 3rd quarter valued at approximately $60,000. Blue Trust Inc. grew its position in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares during the period. Finally, FMR LLC increased its stake in Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after purchasing an additional 3,650 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.