Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Life Time Group (NYSE:LTH) had its price target lifted by equities research analysts at Morgan Stanley from $53.00 to $54.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley‘s price objective would indicate a potential upside of 23.10% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Mizuho raised their price objective on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. UBS Group set a $63.00 price target on Life Time Group in a research report on Wednesday, September 23rd. KeyCorp boosted their price target on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating on shares of Life Time Group in a research report on Wednesday, September 23rd. Finally, Barclays assumed coverage on Life Time Group in a research report on Monday. They issued an “overweight” rating and a $51.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $55.07.

Life Time Group Stock Performance

NYSE:LTH opened at $43.87 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $41.76 and a two-hundred day moving average price of $34.83. Life Time Group has a twelve month low of $24.14 and a twelve month high of $47.24. The company has a market capitalization of $9.80 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 1.51 and a beta of 1.49.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, research analysts expect that Life Time Group will post 1.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, Director John G. Danhakl sold 2,879,154 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the sale, the director directly owned 3,029,450 shares of the company’s stock, valued at approximately $132,689,910. The trade was a 48.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric J. Buss sold 479,240 shares of Life Time Group stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 474,008 shares of the company’s stock, valued at $21,316,139.76. The trade was a 50.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,971,850 shares of company stock valued at $306,262,084. 13.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently made changes to their positions in LTH. Wellington Management Group LLP grew its position in shares of Life Time Group by 1.6% in the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock valued at $257,631,000 after purchasing an additional 99,154 shares during the period. Dimensional Fund Advisors LP lifted its position in Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after buying an additional 1,068,208 shares during the period. Principal Financial Group Inc. lifted its position in Life Time Group by 18.1% during the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after buying an additional 397,248 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Life Time Group by 38.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after buying an additional 487,478 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock worth $23,236,000 after buying an additional 380,610 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.