Life Time Group’s (LTH) Buy Rating Reiterated at Guggenheim

Guggenheim reissued their buy rating on shares of Life Time Group (NYSE:LTH) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $50.00 price target on the stock.

Several other brokerages have also issued reports on LTH. Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a report on Friday, July 31st. Oppenheimer boosted their price target on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Wells Fargo & Company upped their price target on Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, UBS Group raised their price objective on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has an average rating of “Buy” and an average target price of $53.77.

Life Time Group Stock Up 1.9%

NYSE LTH opened at $45.15 on Wednesday. Life Time Group has a 1 year low of $24.14 and a 1 year high of $47.24. The stock has a market capitalization of $10.09 billion, a PE ratio of 24.54, a PEG ratio of 1.63 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The business’s 50-day moving average is $40.78 and its 200 day moving average is $33.06.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts forecast that Life Time Group will post 1.57 earnings per share for the current year.

Insider Buying and Selling at Life Time Group

In other news, EVP Eric J. Buss sold 479,240 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the completion of the transaction, the executive vice president directly owned 474,008 shares in the company, valued at approximately $21,316,139.76. This represents a 50.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Partners Group Private Equity sold 449,960 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total transaction of $14,628,199.60. Following the completion of the transaction, the insider directly owned 1,981,243 shares of the company’s stock, valued at approximately $64,410,209.93. This trade represents a 18.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,346,029 shares of company stock worth $396,108,368 over the last three months. 13.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Life Time Group by 140.4% during the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after acquiring an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after purchasing an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after purchasing an additional 1,428,446 shares in the last quarter. Caxton Associates LLP bought a new stake in Life Time Group during the first quarter valued at about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after purchasing an additional 64,348 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.