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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $27.78.

LTH has been the subject of a number of research analyst reports. Northland Securities increased their target price 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. Morgan Stanley lifted their target price on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price target on shares of 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. Bank of America lifted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Evercore ISI assumed coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company.

Life Time Group Stock Performance

Life Time Group stock opened at $23.54 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market cap of $4.87 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.88. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The firm’s 50 day simple moving average is $24.33 and its 200-day simple moving average is $22.22.

Life Time Group (NYSE:LTH) last posted 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 for the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts predict that Life Time Group will post 0.56 EPS for the current year.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 5.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Life Time Group by 105.8% in 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 during the period. Amalgamated Bank lifted its stake in 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 buying an additional 563 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Time Group in the third quarter valued at approximately $60,000. Blue Trust Inc. increased its position 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 acquiring an additional 2,280 shares in the last quarter. 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 acquiring an additional 3,650 shares during the period. 79.40% of the stock is owned by institutional investors.

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.