Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $25.56

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $26.64.

A number of equities research analysts have issued reports on the company. Wells Fargo & Company upped their target price on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their target price on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Craig Hallum initiated coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a “buy” rating and a $30.00 target price for the company. Bank of America raised their price target on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Northland Securities boosted their price objective on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a research report on Friday, August 2nd.

Insider Buying and Selling at Life Time Group

In other news, Director John G. Danhakl sold 3,575,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares in the company, valued at $1,151,880,696. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its stake in shares of Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock valued at $7,111,000 after purchasing an additional 75,054 shares during the period. Algert Global LLC grew its position in Life Time Group by 52.8% in the second quarter. Algert Global LLC now owns 188,956 shares of the company’s stock valued at $3,558,000 after acquiring an additional 65,334 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Life Time Group during the second quarter worth $408,000. Shellback Capital LP lifted its holdings in shares of Life Time Group by 28.2% during the second quarter. Shellback Capital LP now owns 341,000 shares of the company’s stock valued at $6,421,000 after acquiring an additional 75,000 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Life Time Group by 22.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,370 shares of the company’s stock valued at $704,000 after purchasing an additional 6,749 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Performance

LTH stock opened at $24.21 on Tuesday. The firm has a 50 day moving average of $23.32 and a two-hundred day moving average of $18.70. Life Time Group has a 12 month low of $11.10 and a 12 month high of $25.75. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 67.25, a P/E/G ratio of 3.18 and a beta of 1.87. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The firm had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. During the same period in the prior year, the business posted $0.08 earnings per share. The business’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Life Time Group will post 0.56 EPS for the current fiscal 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.