Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Price Target at $40.13

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $40.1250.

A number of brokerages have issued reports on LTH. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Guggenheim reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Jefferies Financial Group started coverage on Life Time Group in a report on Tuesday, March 10th. They issued a “buy” rating and a $40.00 price objective on the stock. Morgan Stanley increased their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Northland Securities set a $42.00 target price on Life Time Group in a report on Friday, January 23rd.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,329 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 136,166 shares in the company, valued at $3,503,551.18. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 11,060 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $26.46, for a total transaction of $292,647.60. Following the completion of the transaction, the executive vice president directly owned 315,175 shares of the company’s stock, valued at $8,339,530.50. This represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 31,850 shares of company stock valued at $909,324. 13.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares in the last quarter. Wexford Capital LP acquired a new position in Life Time Group during the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 1,002 shares during the period. Steward Partners Investment Advisory LLC raised its position in 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 valued at $52,000 after purchasing an additional 1,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in Life Time Group in the 3rd quarter valued at about $69,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Down 3.2%

Shares of LTH stock opened at $26.08 on Friday. Life Time Group has a 1-year low of $24.14 and a 1-year high of $34.99. The firm has a market cap of $5.78 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.19 and a beta of 1.64. The company has a 50-day moving average of $27.71 and a two-hundred day moving average of $26.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The business had revenue of $745.10 million for the quarter, compared to the consensus estimate of $740.09 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue was up 12.3% on a year-over-year basis. On average, analysts predict that Life Time Group will post 0.74 EPS for the current 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.