Life Time Group Holdings, Inc. (NYSE:LTH) Receives $35.92 Consensus PT from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $35.9231.

Several research analysts recently issued reports on LTH shares. Guggenheim reissued a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Wall Street Zen cut Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Craig Hallum raised Life Time Group to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, May 23rd.

Insider Activity at Life Time Group

In other news, EVP Parham Javaheri sold 9,375 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the completion of the sale, the executive vice president owned 240,151 shares in the company, valued at approximately $6,736,235.55. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new position in Life Time Group in the 1st quarter worth $36,000. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after acquiring an additional 749 shares during the last quarter. IFP Advisors Inc grew its position in Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after acquiring an additional 1,645 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Up 2.8%

LTH opened at $29.30 on Tuesday. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 28.73 and a beta of 1.72. The stock’s 50 day moving average price is $28.61 and its 200-day moving average price is $29.42. Life Time Group has a one year low of $21.49 and a one year high of $34.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The company had revenue of $761.47 million for the quarter, compared to analysts’ expectations of $752.33 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Life Time Group’s revenue was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Life Time Group will post 0.74 EPS for the current 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.