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

Life Time Group Holdings, Inc. (NYSE:LTH) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $27.63.

A number of brokerages have commented on LTH. Morgan Stanley boosted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities lifted their price target on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price objective on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Bank of America lifted their target price 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.

Life Time Group Price Performance

LTH stock opened at $24.18 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company’s 50-day moving average is $24.37 and its 200-day moving average is $20.90. The stock has a market capitalization of $5.00 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 1.60 and a beta of 1.89. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.11.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 EPS. Equities research analysts expect that Life Time Group will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC purchased a new stake in shares of Life Time Group during the 3rd quarter worth approximately $473,000. Algert Global LLC grew its holdings in Life Time Group by 7.0% during the third quarter. Algert Global LLC now owns 202,263 shares of the company’s stock valued at $4,939,000 after purchasing an additional 13,307 shares during the period. Charles Schwab Investment Management Inc. increased its position in Life Time Group by 20.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 586,841 shares of the company’s stock worth $14,331,000 after buying an additional 100,022 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Life Time Group during the 3rd quarter valued at $357,000. Finally, Jennison Associates LLC purchased a new position in shares of Life Time Group during the 3rd quarter valued at $986,000. 79.40% of the stock is currently 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.