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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $44.00.

LTH has been the topic of several research analyst reports. Oppenheimer boosted their price objective on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Royal Bank Of Canada lifted their price target on shares of Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday. Wells Fargo & Company upped their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th.

Life Time Group Trading Down 0.1%

Shares of Life Time Group stock opened at $41.85 on Monday. The stock has a 50 day moving average of $35.24 and a 200 day moving average of $30.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 1.73 and a beta of 1.51. Life Time Group has a fifty-two week low of $24.14 and a fifty-two week high of $42.30.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. As a group, research analysts predict that Life Time Group will post 1.48 earnings per share for the current year.

Insiders Place Their Bets

In other Life Time Group news, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $23,506,219.88. Following the completion of the transaction, the insider directly owned 2,431,203 shares of the company’s stock, valued at $76,485,646.38. The trade was a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the completion of the transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This represents a 23.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,943,861 shares of company stock worth $857,228,555 over the last ninety days. Corporate insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its stake in Life Time Group by 4.0% during the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after buying an additional 420 shares during the period. Harbour Investments Inc. boosted its position in Life Time Group by 8.8% in the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after buying an additional 516 shares during the period. EverSource Wealth Advisors LLC boosted its position in Life Time Group by 49.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after buying an additional 587 shares during the period. Strs Ohio grew its stake in shares of Life Time Group by 10.0% in the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after acquiring an additional 600 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.