Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $35.92

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.9231.

Several analysts have recently weighed in on LTH shares. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Morgan Stanley upped their target price on Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Finally, Craig Hallum upgraded Life Time Group to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, May 23rd.

Life Time Group Stock Up 0.9%

Shares of NYSE LTH opened at $28.3270 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 27.77 and a beta of 1.73. Life Time Group has a 12 month low of $21.49 and a 12 month high of $34.99. The stock has a 50-day moving average price of $28.71 and a two-hundred day moving average price of $29.76.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Life Time Group has set its FY 2025 guidance at EPS. As a group, analysts forecast that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other Life Time Group news, CFO Erik Weaver sold 18,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the transaction, the chief financial officer directly owned 86,611 shares in the company, valued at approximately $2,489,200.14. This represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the transaction, the director owned 29,898,037 shares in the company, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,548,155 shares of company stock worth $691,624,905. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda bought a new position in Life Time Group in the 4th quarter valued at $33,000. Harbour Investments Inc. bought a new position in Life Time Group in the 1st quarter valued at $36,000. Sterling Capital Management LLC grew its stake in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after purchasing an additional 1,821 shares during the period. EverSource Wealth Advisors LLC grew its stake in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the period. 79.40% of the stock is owned by hedge funds and other 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.