Life Time Group (NYSE:LTH - Get Free Report) posted its earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01), Briefing.com reports. The firm had revenue of $693.20 million during the quarter, compared to analysts' expectations of $684.13 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The business's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.09 earnings per share. Life Time Group updated its FY 2024 guidance to EPS.
Life Time Group Trading Down 8.1 %
NYSE:LTH traded down $2.05 during trading hours on Thursday, reaching $23.27. The company's stock had a trading volume of 2,647,473 shares, compared to its average volume of 1,109,028. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 64.64, a PEG ratio of 3.20 and a beta of 1.87. The firm has a 50-day simple moving average of $24.47 and a 200-day simple moving average of $20.04. Life Time Group has a 1 year low of $11.10 and a 1 year high of $27.11.
Insider Buying and Selling at Life Time Group
In other news, major shareholder Partners Group Private Equity sold 650,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the transaction, the insider now owns 5,929,348 shares in the company, valued at approximately $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the 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 owns 55,166,700 shares of the company's stock, valued at $1,151,880,696. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,229,662 shares of company stock worth $88,338,653 over the last three months. Company insiders own 12.50% of the company's stock.
Wall Street Analysts Forecast Growth
LTH has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Bank of America boosted their price objective on Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, September 6th. The Goldman Sachs Group raised their target price 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. Wells Fargo & Company increased their price target on shares of Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada lifted their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $27.56.
View Our Latest Stock Report on LTH
About Life Time Group
(
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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.
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