Life Time Group Holdings, Inc. (NYSE:LTH) Receives $27.63 Average PT from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.63.

LTH has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Bank of America boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Morgan Stanley increased their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company increased their target price on shares of Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 5.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in Life Time Group by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock valued at $36,585,000 after buying an additional 152,504 shares during the period. Barclays PLC increased its stake in shares of Life Time Group by 119.0% during the third quarter. Barclays PLC now owns 248,698 shares of the company’s stock worth $6,073,000 after acquiring an additional 135,116 shares during the period. Jane Street Group LLC raised its holdings in Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after purchasing an additional 108,283 shares in the last quarter. State Street Corp lifted its position in Life Time Group by 14.1% in the third quarter. State Street Corp now owns 1,421,790 shares of the company’s stock valued at $34,720,000 after purchasing an additional 176,154 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Life Time Group in the 3rd quarter valued at approximately $697,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Trading Up 2.3 %

Shares of NYSE LTH opened at $24.57 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $5.09 billion, a PE ratio of 35.61, a PEG ratio of 1.52 and a beta of 1.89. Life Time Group has a twelve month low of $11.89 and a twelve month high of $27.11. The stock has a fifty day simple moving average of $24.43 and a 200-day simple moving average of $21.33.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. On average, equities analysts forecast that Life Time Group will post 0.56 earnings per share for the current year.

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.