Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) PT at $27.89

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.89.

LTH has been the topic of several recent research reports. Northland Securities upped their price target on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Wells Fargo & Company boosted their target price on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Morgan Stanley boosted their price objective on shares of 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.

Life Time Group Stock Up 1.8 %

Shares of LTH opened at $22.79 on Thursday. Life Time Group has a one year low of $11.89 and a one year high of $27.11. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.46 and a beta of 1.88. The stock has a 50 day moving average price of $23.39 and a 200 day moving average price of $22.86. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Life Time Group (NYSE:LTH) last issued 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). The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 earnings per share. Equities research analysts forecast that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 value of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in Life Time Group by 31.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company’s stock valued at $4,948,000 after purchasing an additional 62,466 shares in the last quarter. Rhumbline Advisers raised its holdings in Life Time Group by 32.7% in the second quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock valued at $1,745,000 after acquiring an additional 22,836 shares in the last quarter. Quest Partners LLC acquired a new position in Life Time Group during the 2nd quarter worth $549,000. Daiwa Securities Group Inc. raised its stake in shares of Life Time Group by 35.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,170 shares of the company’s stock valued at $361,000 after purchasing an additional 5,020 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after buying an additional 83,654 shares during the last quarter. 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.