Life Time Group (LTH) Expected to Announce Quarterly Earnings on Thursday

Life Time Group (NYSE:LTH) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $662.39 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Life Time Group Price Performance

Shares of NYSE LTH opened at $33.26 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.88 billion, a PE ratio of 48.20, a PEG ratio of 0.80 and a beta of 1.94. The stock’s 50 day moving average price is $26.28 and its 200-day moving average price is $24.89. Life Time Group has a twelve month low of $11.89 and a twelve month high of $33.60.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total transaction of $204,300.00. Following the completion of the transaction, the executive vice president now directly owns 136,220 shares in the company, valued at approximately $4,086,600. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 250,147 shares of company stock valued at $6,369,316. 12.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on LTH shares. Guggenheim reaffirmed a “buy” rating and issued a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Wells Fargo & Company lifted their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Evercore ISI started coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. Northland Securities lifted their price target on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Mizuho lifted their price target on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.77.

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.