Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Rating of "Moderate Buy" from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.78.

Several analysts have recently issued reports on the stock. Northland Securities increased their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an "outperform" rating and a $29.00 price objective for the company. Bank of America upped their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. Morgan Stanley boosted their target price on Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price target on Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th.

Life Time Group Trading Down 0.3 %

LTH traded down $0.08 during trading hours on Friday, reaching $24.32. The company's stock had a trading volume of 531,489 shares, compared to its average volume of 1,067,746. The stock has a market cap of $5.03 billion, a PE ratio of 35.25, a P/E/G ratio of 1.58 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.11. The business's 50-day moving average is $24.34 and its 200-day moving average is $22.17.

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

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 168,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Erik Weaver sold 4,662 shares of Life Time Group stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the transaction, the chief financial officer now directly owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Several large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company's stock valued at $199,000 after acquiring an additional 1,866 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Life Time Group during the 2nd quarter worth about $141,000. Bank of New York Mellon Corp grew its holdings in shares of Life Time Group by 31.2% during the second quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock worth $4,948,000 after buying an additional 62,466 shares in the last quarter. Braun Stacey Associates Inc. purchased a new stake in shares of Life Time Group during the second quarter worth about $7,486,000. Finally, Rhumbline Advisers raised its position in shares of Life Time Group by 32.7% in the second quarter. Rhumbline Advisers now owns 92,669 shares of the company's stock valued at $1,745,000 after buying an additional 22,836 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.