Life Time Group Holdings, Inc. (NYSE:LTH) Receives $27.89 Average Price Target from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.89.

A number of research firms have weighed in on LTH. Northland Securities upped their price objective on shares of Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI started coverage on shares of Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Morgan Stanley increased their price objective on 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, Wells Fargo & Company upped their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th.

Insider Activity

In other news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the transaction, 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. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

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

Life Time Group Stock Performance

Shares of NYSE LTH opened at $22.94 on Thursday. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.11. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.46 and a beta of 1.89. The company has a 50 day simple moving average of $23.39 and a two-hundred day simple moving average of $22.92.

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

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.