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

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $27.78.

LTH has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Wells Fargo & Company raised their price objective on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Morgan Stanley upped their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities raised 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. Finally, Bank of America upped their price objective on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. The trade was a 5.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. 12.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in Life Time Group by 17.1% during the first 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 in the last quarter. SG Americas Securities LLC bought a new stake in shares of Life Time Group during the 2nd quarter worth approximately $141,000. Bank of New York Mellon Corp boosted its position in shares of Life Time Group by 31.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company’s stock worth $4,948,000 after acquiring an additional 62,466 shares in the last quarter. Braun Stacey Associates Inc. bought a new position in Life Time Group in the second quarter valued at approximately $7,486,000. Finally, Rhumbline Advisers raised its position in Life Time Group by 32.7% during the second quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock valued at $1,745,000 after purchasing an additional 22,836 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $22.75 on Friday. 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 firm has a market cap of $4.71 billion, a price-to-earnings ratio of 32.97, a price-to-earnings-growth ratio of 1.49 and a beta of 1.88. The stock’s 50-day moving average is $24.24 and its 200-day moving average is $22.38. Life Time Group has a one year low of $11.89 and a one year high of $27.11.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. Equities analysts predict that Life Time Group will post 0.56 earnings per share 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.