Life Time Group Holdings, Inc. (NYSE:LTH) Receives $37.00 Average Target Price from Analysts

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have earned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.00.

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. UBS Group set a $48.00 price objective on Life Time Group in a research note on Friday, October 17th. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, Morgan Stanley reduced their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th.

Insider Activity

In other Life Time Group news, EVP Eric J. Buss sold 74,487 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $28.05, for a total value of $2,089,360.35. Following the sale, the executive vice president directly owned 380,683 shares in the company, valued at $10,678,158.15. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC lifted its position in shares of Life Time Group by 2,398.6% during the 3rd quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company’s stock worth $29,422,000 after buying an additional 1,023,333 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Life Time Group during the 2nd quarter worth $43,473,000. Divisadero Street Capital Management LP purchased a new stake in Life Time Group in the second quarter valued at $5,381,000. Moody National Bank Trust Division lifted its position in Life Time Group by 12.1% in the second quarter. Moody National Bank Trust Division now owns 112,501 shares of the company’s stock valued at $3,412,000 after acquiring an additional 12,178 shares during the last quarter. Finally, Norges Bank acquired a new position in Life Time Group in the second quarter valued at $50,999,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Down 2.8%

Shares of LTH opened at $26.65 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The stock has a market capitalization of $5.88 billion, a PE ratio of 20.66, a P/E/G ratio of 0.79 and a beta of 1.68. The company’s 50-day simple moving average is $26.45 and its 200-day simple moving average is $27.33. Life Time Group has a 1 year low of $24.14 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $782.65 million for the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Analysts forecast that Life Time Group will post 0.74 earnings per share for the current fiscal year.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.