Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $37.1429.

A number of equities research analysts have recently issued reports on LTH shares. Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley raised shares of Life Time Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $34.00 to $39.00 in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Finally, UBS Group set a $48.00 price objective on shares of Life Time Group in a research report on Friday, October 17th.

Insider Activity

In other news, CFO Erik Weaver sold 4,846 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the completion of the sale, the chief financial officer owned 81,765 shares of the company’s stock, valued at $2,052,301.50. The trade was a 5.60% 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 9,375 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total transaction of $262,968.75. Following the sale, the executive vice president directly owned 240,151 shares of the company’s stock, valued at approximately $6,736,235.55. The trade was a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 10,743,880 shares of company stock worth $311,008,231. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LTH. Ameriprise Financial Inc. lifted its stake in shares of Life Time Group by 1,729.3% during the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock valued at $154,547,000 after buying an additional 4,789,288 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock valued at $282,829,000 after buying an additional 2,282,007 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Life Time Group by 2,328.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after buying an additional 1,775,837 shares in the last quarter. Norges Bank purchased a new position in shares of Life Time Group during the 2nd quarter valued at $50,999,000. Finally, Burkehill Global Management LP purchased a new position in shares of Life Time Group during the 1st quarter valued at $46,473,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Up 0.8%

NYSE:LTH opened at $24.79 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. Life Time Group has a 12 month low of $21.49 and a 12 month high of $34.99. The company has a market cap of $5.45 billion, a PE ratio of 24.30 and a beta of 1.68. The company has a 50 day simple moving average of $27.14 and a two-hundred day simple moving average of $28.48.

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

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.