Research Analysts Issue Forecasts for Life Time Group Holdings, Inc.’s Q1 2024 Earnings (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH) – Analysts at Northland Capmk issued their Q1 2024 earnings per share (EPS) estimates for shares of Life Time Group in a research report issued to clients and investors on Tuesday, April 23rd. Northland Capmk analyst O. Rickert anticipates that the company will earn $0.11 per share for the quarter. The consensus estimate for Life Time Group’s current full-year earnings is $0.56 per share. Northland Capmk also issued estimates for Life Time Group’s Q2 2024 earnings at $0.11 EPS, Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.45 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.57 EPS.

A number of other brokerages have also commented on LTH. Northland Securities began coverage on Life Time Group in a report on Tuesday. They issued an “outperform” rating and a $23.00 price objective on the stock. Royal Bank of Canada increased their target price on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. TheStreet raised Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Finally, Mizuho reduced their target price on Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22. The stock’s fifty day moving average price is $14.19 and its two-hundred day moving average price is $14.18. Life Time Group has a one year low of $11.10 and a one year high of $22.41. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 37.24 and a beta of 1.74.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. Life Time Group had a return on equity of 4.17% and a net margin of 3.43%. The firm had revenue of $558.80 million for the quarter, compared to analyst estimates of $555.51 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Life Time Group

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Life Time Group by 35.2% in the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock valued at $96,530,000 after purchasing an additional 1,665,006 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Life Time Group by 21.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock valued at $47,934,000 after purchasing an additional 558,488 shares during the last quarter. Wellington Management Group LLP bought a new position in Life Time Group in the fourth quarter valued at about $14,544,000. Charles Schwab Investment Management Inc. raised its position in Life Time Group by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after purchasing an additional 5,995 shares during the last quarter. Finally, Swiss National Bank raised its position in Life Time Group by 21.3% in the third quarter. Swiss National Bank now owns 128,600 shares of the company’s stock valued at $1,956,000 after purchasing an additional 22,600 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

About Life Time Group

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.