Life Time Group Holdings, Inc. (LTH) – What Are Researchers Saying About This Stock?

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $56.14.

LTH has been the subject of a number of analyst reports. Zacks Research lowered Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Mizuho increased their price target on Life Time Group from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 27th. Deutsche Bank set a $54.00 price target on Life Time Group in a report on Friday, July 31st. Guggenheim raised their price target on Life Time Group from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $56.00 price objective on shares of Life Time Group in a research note on Friday, October 30th.

Insider Transactions at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 264,000 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $45.04, for a total transaction of $11,890,560.00. Following the transaction, the chief executive officer owned 3,351,086 shares of the company’s stock, valued at approximately $150,932,913.44. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Danhakl sold 2,879,154 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the sale, the director owned 3,029,450 shares in the company, valued at $132,689,910. This trade represents a 48.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,214,115 shares of company stock worth $272,178,518 over the last ninety days. Insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LTH. Wellington Management Group LLP boosted its stake in Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock valued at $257,631,000 after buying an additional 99,154 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after acquiring an additional 1,068,208 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Life Time Group by 18.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after acquiring an additional 397,248 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $47,031,000 after acquiring an additional 487,478 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of Life Time Group by 103.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,073,662 shares of the company’s stock valued at $42,914,000 after purchasing an additional 545,955 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Down 4.3%

Life Time Group stock opened at $45.48 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $42.13 and a two-hundred day moving average price of $36.08. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.50 and a beta of 1.46. Life Time Group has a 52-week low of $24.45 and a 52-week high of $48.61.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The company had revenue of $893.52 million for the quarter, compared to analysts’ expectations of $874.98 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts expect that Life Time Group will post 1.63 earnings per share for the current year.

About Life Time Group

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.