Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has earned an average rating of "Moderate Buy" from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.63.
A number of research firms recently commented on LTH. Bank of America upped their price objective on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 6th. The Goldman Sachs Group increased 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 note on Friday, August 2nd. Craig Hallum assumed coverage on shares of Life Time Group in a research report on Friday, July 19th. They set a "buy" rating and a $30.00 target price for the company. Northland Securities upped their target price on shares of Life Time Group from $28.50 to $29.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd.
View Our Latest Report on Life Time Group
Life Time Group Stock Performance
Life Time Group stock remained flat at $24.18 during mid-day trading on Wednesday. The company's stock had a trading volume of 1,456,934 shares, compared to its average volume of 1,118,336. Life Time Group has a twelve month low of $11.89 and a twelve month high of $27.11. 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 business has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $20.97. The company has a market capitalization of $5.00 billion, a P/E ratio of 35.26, a PEG ratio of 1.55 and a beta of 1.89.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to analysts' expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Equities research analysts anticipate that Life Time Group will post 0.56 EPS for the current year.
Insider Buying and Selling at Life Time Group
In related news, CFO Erik Weaver sold 4,662 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now owns 75,866 shares of the company's stock, valued at $1,963,412.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 12.50% of the company's stock.
Hedge Funds Weigh In On Life Time Group
A number of large investors have recently made changes to their positions in LTH. American Century Companies Inc. boosted its stake in Life Time Group by 402.6% in the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock worth $1,966,000 after purchasing an additional 83,654 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Life Time Group in the 2nd quarter valued at $549,000. Point72 Asset Management L.P. raised its stake in Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company's stock worth $7,111,000 after acquiring an additional 75,054 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in Life Time Group during the 2nd quarter worth about $3,134,000. Finally, Bank of New York Mellon Corp grew its stake in Life Time Group by 31.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company's stock valued at $4,948,000 after purchasing an additional 62,466 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.
About Life Time Group
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Get Free ReportLife 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.
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