Life Time Group Holdings, Inc. (NYSE:LTH) Receives $35.62 Average Target Price from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.92.

LTH has been the subject of several analyst reports. Northland Securities set a $39.00 target price on Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Guggenheim upped their target price on Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, February 28th. Mizuho upped their target price on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Craig Hallum increased their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 28th.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This represents a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Life Time Group by 32.2% in the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock valued at $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Life Time Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company’s stock valued at $114,809,000 after purchasing an additional 147,295 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Life Time Group by 1.3% in the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company’s stock valued at $75,781,000 after purchasing an additional 375,672 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of Life Time Group by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company’s stock valued at $65,379,000 after purchasing an additional 145,002 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Down 6.9%

Shares of LTH stock opened at $28.64 on Wednesday. The stock has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $27.57. Life Time Group has a fifty-two week low of $14.56 and a fifty-two week high of $34.99. The stock has a market capitalization of $6.13 billion, a P/E ratio of 41.51, a P/E/G ratio of 0.81 and a beta of 1.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $706.04 million during the quarter, compared to analysts’ expectations of $684.06 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts expect that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.