Life Time Group (NYSE:LTH) Coverage Initiated at Craig Hallum

Craig Hallum began coverage on shares of Life Time Group (NYSE:LTH) in a research note released on Friday, MarketBeat reports. The firm issued a buy rating and a $45.00 target price on the stock.

LTH has been the topic of a number of other reports. BMO Capital Markets set a $28.00 target price on shares of Life Time Group and gave the stock a “hold” rating in a research report on Friday, March 14th. Royal Bank of Canada set a $35.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Evercore ISI set a $38.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Oppenheimer boosted their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley boosted their target price on shares of Life Time Group from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.92.

Life Time Group Trading Up 0.6%

LTH opened at $28.96 on Friday. The firm’s 50 day moving average is $30.46 and its 200-day moving average is $27.94. Life Time Group has a 52-week low of $15.29 and a 52-week high of $34.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $6.35 billion, a P/E ratio of 41.97, a P/E/G ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $706.04 million for the quarter, compared to analysts’ expectations of $684.06 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. Analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. The trade was a 62.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

Institutional investors have recently added to or reduced their stakes in the business. Burns Matteson Capital Management LLC bought a new stake in Life Time Group during the fourth quarter valued at $331,000. Braun Stacey Associates Inc. increased its stake in Life Time Group by 2.0% during the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock valued at $19,181,000 after purchasing an additional 17,340 shares during the last quarter. Precision Wealth Strategies LLC bought a new stake in Life Time Group during the fourth quarter valued at $387,000. Rhumbline Advisers increased its stake in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Barclays PLC increased its stake in Life Time Group by 119.0% during the third quarter. Barclays PLC now owns 248,698 shares of the company’s stock valued at $6,073,000 after purchasing an additional 135,116 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.