Life Time Group (NYSE:LTH) Upgraded by KeyCorp to “Strong-Buy” Rating

KeyCorp upgraded shares of Life Time Group (NYSE:LTH) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

LTH has been the topic of a number of other reports. Guggenheim restated a “buy” rating and set a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Zacks Research upgraded Life Time Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Wells Fargo & Company initiated coverage on Life Time Group in a research note on Wednesday. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.78.

Life Time Group Trading Down 3.5%

NYSE:LTH opened at $25.71 on Wednesday. The stock has a 50-day simple moving average of $28.05 and a 200-day simple moving average of $27.16. The stock has a market cap of $5.70 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.19 and a beta of 1.69. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63. 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 released its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The company had revenue of $745.10 million for the quarter, compared to analysts’ expectations of $740.09 million. During the same period last year, the firm posted $0.27 earnings per share. Life Time Group’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 1,329 shares of Life Time Group stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total transaction of $34,195.17. Following the transaction, the chief financial officer owned 136,166 shares in the company, valued at approximately $3,503,551.18. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 5,880 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total value of $178,222.80. Following the sale, the executive vice president directly owned 102,144 shares in the company, valued at approximately $3,095,984.64. The trade was a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,790 shares of company stock valued at $616,677 over the last three months. 8.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently bought and sold shares of LTH. GAMMA Investing LLC raised its position in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP purchased a new stake in shares of Life Time Group in the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 201.6% during 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 in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Life Time Group by 2,741.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after acquiring an additional 1,645 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Life Time Group during the third quarter worth $69,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.