Life Time Group (LTH) Projected to Post Quarterly Earnings on Thursday

Life Time Group (NYSE:LTH) is expected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Life Time Group to post earnings of $0.21 per share and revenue of $658.97 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Life Time Group Trading Down 1.9 %

Shares of Life Time Group stock opened at $31.00 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The business has a 50 day moving average price of $27.01 and a 200 day moving average price of $25.14. The company has a market capitalization of $6.42 billion, a P/E ratio of 44.93, a P/E/G ratio of 0.81 and a beta of 1.94. Life Time Group has a 1 year low of $11.89 and a 1 year high of $33.64.

Insider Buying and Selling

In other news, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the transaction, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at $4,086,600. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,147 shares of company stock valued at $2,241,556 in the last three months. 12.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LTH has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Craig Hallum upped their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley boosted their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday. Evercore ISI initiated coverage on shares of Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Northland Securities boosted their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $31.86.

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.