Analysts Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $54.85

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been given a consensus rating of “Buy” by the fifteen analysts that are presently covering the company, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $54.8462.

LTH has been the topic of several research reports. UBS Group upped their price objective on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Northland Securities set a $57.00 target price on Life Time Group in a research report on Friday, July 31st. Guggenheim reissued a “buy” rating and set a $50.00 price target on shares of Life Time Group in a research report on Wednesday, August 12th. KeyCorp upped their price target on Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th.

Life Time Group Price Performance

Shares of LTH stock opened at $42.05 on Tuesday. The firm has a fifty day moving average of $42.94 and a two-hundred day moving average of $34.26. The firm has a market cap of $9.40 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.57 and a beta of 1.50. Life Time Group has a 1-year low of $24.14 and a 1-year high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. During the same quarter in the prior year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that Life Time Group will post 1.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director John Kristofer Galashan sold 2,879,154 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the sale, the director owned 3,029,450 shares of the company’s stock, valued at $132,689,910. This represents a 48.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric J. Buss sold 479,240 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the sale, the executive vice president owned 474,008 shares in the company, valued at approximately $21,316,139.76. This trade represents a 50.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,642,177 shares of company stock worth $438,237,437. Corporate insiders own 13.30% of the company’s stock.

Institutional Trading of Life Time Group

Hedge funds have recently made changes to their positions in the stock. Wexford Capital LP acquired a new position in Life Time Group during the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares during the period. Nykredit A S bought a new stake in Life Time Group in the second quarter valued at $47,000. Kemnay Advisory Services Inc. bought a new stake in Life Time Group in the fourth quarter valued at $73,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares during the period. Institutional investors own 79.40% of the company’s stock.

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.