Analysts Set Life Time Group Holdings, Inc. (NYSE:LTH) PT at $39.71

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.50.

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Morgan Stanley upped their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Zacks Research upgraded shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, 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.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares in the company, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer directly owned 77,771 shares of the company’s stock, valued at approximately $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 20,790 shares of company stock worth $616,677. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC lifted its holdings in shares of Life Time Group by 2,398.6% in the third quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company’s stock valued at $29,422,000 after purchasing an additional 1,023,333 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Life Time Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock valued at $372,608,000 after buying an additional 374,833 shares in the last quarter. ABN Amro Investment Solutions acquired a new position in Life Time Group during the third quarter valued at $2,535,000. Fisher Asset Management LLC acquired a new position in Life Time Group during the second quarter valued at $43,473,000. Finally, AustralianSuper Pty Ltd purchased a new stake in Life Time Group in the 3rd quarter worth about $27,260,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $27.15 on Tuesday. Life Time Group has a 12 month low of $24.14 and a 12 month high of $34.99. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.14 and a beta of 1.69. The stock’s 50 day moving average price is $28.07 and its 200 day moving average price is $27.19. 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 issued 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 return on equity of 10.20% and a net margin of 12.51%.The firm had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. During the same period last year, the company posted $0.27 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Life Time Group Company Profile

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.