Life Time Group Holdings, Inc. (NYSE:LTH) Stock Now Rated “Buy” by Wall Street Brokerages

by · The Cerbat Gem

Shares of Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) have received a consensus recommendation of “Buy” from the fifteen analysts that are covering the stock, MarketBeat reports. Thirteen equities research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $55.31.

Several research analysts have recently commented on LTH shares. Morgan Stanley raised their price objective on Life Time Group from $39.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Northland Securities set a $57.00 price objective on Life Time Group in a research note on Friday, July 31st. Weiss Ratings raised shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Bank of America reissued a “buy” rating and issued a $51.00 target price on shares of Life Time Group in a report on Friday, July 31st. Finally, Oppenheimer raised their target price on shares of Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th.

Check Out Our Latest Stock Analysis on LTH

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Singh sold 154,912 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.00, for a total transaction of $6,506,304.00. Following the sale, the executive vice president directly owned 138,351 shares of the company’s stock, valued at $5,810,742. This trade represents a 52.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Galashan sold 2,879,154 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares of the company’s stock, valued at $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 6,971,850 shares of company stock valued at $306,262,084. 13.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently modified their holdings of LTH. Nykredit A S purchased a new position in Life Time Group during the 2nd quarter valued at approximately $47,000. Anchor Investment Management LLC purchased a new stake in shares of Life Time Group during the 2nd quarter worth approximately $68,000. EverSource Wealth Advisors LLC boosted its position in shares of Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Phillip James Consulting Co. bought a new position in shares of Life Time Group during the 1st quarter valued at approximately $91,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Down 0.2%

Shares of LTH stock opened at $40.45 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The company has a market cap of $9.04 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.46 and a beta of 1.49. Life Time Group has a 1 year low of $24.14 and a 1 year high of $47.24. The firm has a fifty day moving average price of $41.99 and a 200-day moving average price of $37.56.

Life Time Group (NYSE:LTH – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%. Life Time Group’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. As a group, equities analysts predict that Life Time Group will post 1.59 earnings per share for the current year.

About Life Time Group

(Get Free Report)

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness centers under the Life Time brand. Its facilities offer fitness equipment and training, group exercise classes, indoor and outdoor pools, sports courts, childcare, spas, salons, cafés and other services designed to support health, wellness and an active lifestyle.

The company also provides personal training, performance programs, nutrition services and organized athletic activities, including events and leagues for sports such as pickleball and tennis.

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