Guggenheim Reaffirms “Buy” Rating for Life Time Group (NYSE:LTH)

Life Time Group (NYSE:LTH)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a report issued on Friday,Benzinga reports. They presently have a $36.00 target price on the stock. Guggenheim’s price target points to a potential upside of 23.59% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. Morgan Stanley reduced 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 report on Friday, October 17th. Finally, Zacks Research lowered Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Nine research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.54.

Life Time Group Price Performance

Shares of LTH stock traded up $0.29 during midday trading on Friday, reaching $29.13. 121,142 shares of the company traded hands, compared to its average volume of 2,094,909. The firm’s 50 day simple moving average is $26.69 and its two-hundred day simple moving average is $27.26. The firm has a market cap of $6.42 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 0.82 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. Life Time Group has a 1-year low of $24.14 and a 1-year high of $34.99.

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

Insiders Place Their Bets

In other Life Time Group news, EVP Eric J. Buss sold 74,487 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $28.05, for a total value of $2,089,360.35. Following the transaction, the executive vice president directly owned 380,683 shares of the company’s stock, valued at $10,678,158.15. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LTH. Voya Investment Management LLC raised its stake in shares of Life Time Group by 2,398.6% during 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. Fisher Asset Management LLC acquired a new position in Life Time Group during the 2nd quarter valued at about $43,473,000. Divisadero Street Capital Management LP bought a new stake in shares of Life Time Group during the 2nd quarter worth about $5,381,000. Norges Bank acquired a new stake in shares of Life Time Group in the 2nd quarter worth approximately $50,999,000. Finally, Lingotto Investment Management LLP bought a new position in shares of Life Time Group in the second quarter valued at approximately $4,437,000. Institutional investors and hedge funds 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.