Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $25.56.

A number of analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Craig Hallum started coverage on Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 price objective on the stock. Bank of America lifted their price objective on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Northland Securities upped their target price on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st.

Life Time Group Trading Down 0.6 %

LTH stock opened at $24.82 on Tuesday. The business’s 50 day moving average is $22.99 and its 200-day moving average is $18.47. Life Time Group has a 1-year low of $11.10 and a 1-year high of $25.74. The firm has a market cap of $4.94 billion, a P/E ratio of 68.94, a P/E/G ratio of 3.03 and a beta of 1.87. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $667.80 million for the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. Equities analysts anticipate that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director John G. Danhakl sold 3,575,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the sale, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its holdings in shares of Life Time Group by 38.2% in the second 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. Dnca Finance bought a new stake in Life Time Group in the 2nd quarter valued at approximately $72,000. SG Americas Securities LLC acquired a new position in Life Time Group during the 2nd quarter worth approximately $141,000. Hsbc Holdings PLC bought a new position in shares of Life Time Group during the 2nd quarter worth approximately $192,000. Finally, Entropy Technologies LP acquired a new stake in shares of Life Time Group in the first quarter valued at approximately $198,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Company Profile

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.