Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $27.56.

Several equities research analysts have recently commented on LTH shares. Bank of America boosted their price target 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. Wells Fargo & Company boosted their price target on shares of Life Time Group from $21.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday. Craig Hallum initiated coverage on shares of Life Time Group in a research note on Friday, July 19th. They set a "buy" rating and a $30.00 price objective for the company. Northland Securities boosted their price objective on shares of Life Time Group from $27.00 to $28.50 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Finally, Morgan Stanley boosted their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Wednesday.

Life Time Group Stock Up 3.1 %

Shares of NYSE:LTH traded up $0.79 during trading hours on Friday, hitting $26.02. The company's stock had a trading volume of 1,149,136 shares, compared to its average volume of 1,099,139. Life Time Group has a 52 week low of $11.10 and a 52 week high of $27.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 72.25, a P/E/G ratio of 3.20 and a beta of 1.87. The firm's fifty day moving average price is $24.27 and its 200 day moving average price is $19.77.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The business had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. During the same quarter in the previous year, the business posted $0.08 EPS. The company's quarterly revenue was up 18.9% compared to the same quarter last year. As a group, research analysts expect that Life Time Group will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group 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 transaction of $120,652.56. Following the sale, the chief financial officer now owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Erik Weaver sold 4,662 shares of the company's stock in a transaction 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 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the company's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,229,662 shares of company stock valued at $88,338,653. Insiders own 12.50% of the company's stock.

Institutional Trading of Life Time Group

Large investors have recently made changes to their positions in the business. Quantbot Technologies LP grew its position in Life Time Group by 1,443.3% during the first quarter. Quantbot Technologies LP now owns 73,986 shares of the company's stock valued at $1,148,000 after buying an additional 69,192 shares during the period. American Century Companies Inc. grew its position in Life Time Group by 402.6% during the second quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock valued at $1,966,000 after buying an additional 83,654 shares during the period. Quest Partners LLC acquired a new stake in Life Time Group during the second quarter valued at $549,000. Point72 Asset Management L.P. grew its position in Life Time Group by 24.8% during the second quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company's stock valued at $7,111,000 after buying an additional 75,054 shares during the period. Finally, Peregrine Asset Advisers Inc. purchased a new position in Life Time Group during the second quarter valued at $3,134,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.