Life Time Group (NYSE:LTH) Coverage Initiated at Northland Securities

Analysts at Northland Securities assumed coverage on shares of Life Time Group (NYSE:LTH) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $23.00 price target on the stock. Northland Securities’ price objective indicates a potential upside of 57.00% from the stock’s current price.

Several other research firms have also commented on LTH. Royal Bank of Canada lifted their price target on shares of Life Time Group from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Mizuho cut their target price on Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Finally, TheStreet raised Life Time Group from a “d+” rating to a “c-” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.88.

Life Time Group Price Performance

Life Time Group stock opened at $14.65 on Tuesday. The stock has a market capitalization of $2.88 billion, a PE ratio of 38.55 and a beta of 1.74. Life Time Group has a 12 month low of $11.10 and a 12 month high of $22.41. The business has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $14.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. The firm had revenue of $558.80 million for the quarter, compared to analyst estimates of $555.51 million. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. On average, analysts anticipate that Life Time Group will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 5,269 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the transaction, the chief financial officer now owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. grew its stake in shares of Life Time Group by 16.3% during the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock worth $185,000 after purchasing an additional 1,702 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Life Time Group during the third quarter worth $27,000. Arizona State Retirement System grew its stake in shares of Life Time Group by 21.8% during the third quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock worth $253,000 after purchasing an additional 2,982 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Life Time Group by 62.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after purchasing an additional 4,330 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Life Time Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after purchasing an additional 5,995 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.