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

Life Time Group Holdings, Inc. (NYSE:LTHGet Free Report) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.57.

A number of analysts recently weighed in on the stock. Northland Securities assumed coverage on shares of Life Time Group in a research note on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 price target for the company. Mizuho raised their target price on shares of Life Time Group from $23.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Royal Bank of Canada raised their target price on shares of Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. TheStreet upgraded shares of Life Time Group from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Company reduced their target price on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd.

View Our Latest Stock Analysis on LTH

Life Time Group Price Performance

Shares of LTH opened at $16.01 on Wednesday. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $22.41. The firm’s 50 day moving average price is $14.62 and its 200 day moving average price is $14.32. The company has a market cap of $3.18 billion, a P/E ratio of 44.47, a PEG ratio of 9.31 and a beta of 1.76. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86.

Life Time Group (NYSE:LTHGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a net margin of 3.19% and a return on equity of 4.38%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. On average, research analysts forecast that Life Time Group will post 0.46 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTH. DekaBank Deutsche Girozentrale bought a new stake in shares of Life Time Group during the 3rd quarter worth $27,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Life Time Group by 62.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after buying an additional 4,330 shares during the period. Entropy Technologies LP bought a new stake in shares of Life Time Group during the 1st quarter worth $198,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Life Time Group by 17.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after buying an additional 1,866 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Life Time Group during the 4th quarter worth $213,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

(Get Free Report

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.

Further Reading

Analyst Recommendations for Life Time Group (NYSE:LTH)

Receive News & Ratings for Life Time Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Time Group and related companies with MarketBeat.com's FREE daily email newsletter.