Life Time Group (NYSE:LTH) Coverage Initiated at Evercore ISI

Stock analysts at Evercore ISI started coverage on shares of Life Time Group (NYSE:LTH) in a research report issued to clients and investors on Friday, Marketbeat reports. The firm set an “outperform” rating and a $29.00 price target on the stock. Evercore ISI’s target price points to a potential upside of 18.13% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada boosted their price target on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their target price on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Morgan Stanley raised their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Northland Securities boosted 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. Finally, Bank of America raised their target price 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.78.

Life Time Group Trading Up 0.7 %

NYSE:LTH opened at $24.55 on Friday. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a fifty day moving average price of $24.42 and a two-hundred day moving average price of $21.48. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 1.57 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the prior year, the business earned $0.09 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares of the company’s stock, valued at $1,963,412.08. The trade was a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. Vanguard Group Inc. lifted its holdings in shares of Life Time Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after acquiring an additional 78,290 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares during the period. Paloma Partners Management Co acquired a new position in shares of Life Time Group in the 1st quarter valued at $357,000. Bayesian Capital Management LP grew its stake in shares of Life Time Group by 69.4% during the 1st quarter. Bayesian Capital Management LP now owns 18,544 shares of the company’s stock valued at $288,000 after buying an additional 7,600 shares during the period. Finally, Sona Asset Management US LLC acquired a new stake in shares of Life Time Group during the 1st quarter worth $5,044,000. Hedge funds and other institutional investors 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.