Life Time Group (NYSE:LTH) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI started coverage on shares of Life Time Group (NYSE:LTH - Get Free Report) in a report released on Friday, MarketBeat Ratings reports. The brokerage set an "outperform" rating and a $29.00 price target on the stock. Evercore ISI's price objective points to a potential upside of 18.42% from the company's current price.

Several other research firms have also issued reports on LTH. Wells Fargo & Company increased their target price on shares of 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. Morgan Stanley upped their price target on Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group increased their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Northland Securities increased their price target on Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Bank of America boosted their price objective on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.78.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $0.11 during midday trading on Friday, reaching $24.49. The company had a trading volume of 764,402 shares, compared to its average volume of 1,113,256. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.11. The business's 50-day simple moving average is $24.43 and its 200 day simple moving average is $21.37. 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 cap of $5.07 billion, a P/E ratio of 35.33, a P/E/G ratio of 1.58 and a beta of 1.89.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data 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 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 firm's revenue was up 18.5% on a year-over-year basis. During the same period last year, the company earned $0.09 earnings per share. On average, analysts forecast that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the firm's 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 completion of the sale, the chief financial officer now owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Life Time Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company's stock valued at $100,562,000 after buying an additional 78,290 shares during the period. Dimensional Fund Advisors LP increased its holdings in Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock valued at $87,728,000 after purchasing an additional 770,766 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after purchasing an additional 46,710 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after purchasing an additional 758,757 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock valued at $34,117,000 after purchasing an additional 553,881 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Company Profile

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.