Life Time Group (NYSE:LTH) Stock Rating Lowered by Zacks Research

Life Time Group (NYSE:LTH) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Northland Securities set a $42.00 price objective on Life Time Group in a research note on Friday. Morgan Stanley decreased their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. UBS Group set a $48.00 price target on Life Time Group in a research note on Friday, October 17th. Finally, Guggenheim reiterated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.77.

Life Time Group Stock Performance

Life Time Group stock traded down $0.47 during trading on Monday, reaching $28.82. The company had a trading volume of 640,918 shares, compared to its average volume of 2,292,743. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 0.87 and a beta of 1.68. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm’s 50-day simple moving average is $26.96 and its 200 day simple moving average is $27.23. Life Time Group has a 52 week low of $24.14 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $782.65 million for the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Sell-side analysts forecast that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president owned 110,967 shares in the company, valued at $3,301,268.25. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric J. Buss sold 162,722 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the completion of the sale, the executive vice president owned 380,683 shares in the company, valued at approximately $10,674,351.32. This trade represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 249,297 shares of company stock valued at $7,011,703. 8.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its stake in shares of Life Time Group by 19.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock valued at $117,000 after purchasing an additional 693 shares during the last quarter. Zions Bancorporation National Association UT raised its holdings in Life Time Group by 1.6% during the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock valued at $1,321,000 after buying an additional 699 shares during the period. GAMMA Investing LLC raised its holdings in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares during the period. Nisa Investment Advisors LLC lifted its position in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after buying an additional 749 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Life Time Group by 10.3% during the third quarter. Mackenzie Financial Corp now owns 8,516 shares of the company’s stock worth $235,000 after buying an additional 798 shares during the period. Hedge funds and other 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.