Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $27.63

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $27.63.

LTH has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Craig Hallum initiated coverage on shares of Life Time Group in a report on Friday, July 19th. They issued a “buy” rating and a $30.00 price target on the stock. Morgan Stanley increased their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their price target on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Life Time Group Price Performance

LTH stock opened at $23.71 on Wednesday. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.11. The stock has a market capitalization of $4.91 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. The company’s 50-day moving average is $24.40 and its 200-day moving average is $21.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results 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). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same period in the previous year, the business posted $0.09 EPS. Life Time Group’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that Life Time Group will post 0.56 EPS for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds 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 first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after purchasing an additional 78,290 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after buying an additional 46,710 shares during the period. Loomis Sayles & Co. L P boosted its stake in shares of Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after buying an additional 758,757 shares during the last quarter. Finally, Hood River Capital Management LLC grew its holdings in Life Time Group by 44.0% during the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock worth $34,117,000 after acquiring an additional 553,881 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

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.