Life Time Group (NYSE:LTH) Coverage Initiated by Analysts at Barclays

Key Points

• Barclays initiated coverage of Life Time Group with an “overweight” rating and a $51 price target, implying 16.26% upside. Analysts collectively rate the stock “Buy,” with a consensus target of $55.
• Life Time Group exceeded quarterly expectations, reporting $0.48 in EPS versus $0.37 expected and $866 million in revenue, up 13.7% year over year.
• Insiders sold heavily, including a $126.1 million sale by director John Danhakl and a $19.7 million sale by CEO Bahram Akradi; insiders sold nearly $306.3 million in stock over the last quarter.

Stock analysts at Barclays initiated coverage on shares of Life Time Group (NYSE:LTH - Get Free Report) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage set an "overweight" rating and a $51.00 price target on the stock. Barclays's price target points to a potential upside of 16.26% from the company's previous close.

Other equities analysts also recently issued reports about the company. Weiss Ratings raised Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Guggenheim reiterated a "buy" rating and set a $50.00 price target on shares of Life Time Group in a research note on Wednesday, August 12th. Northland Securities set a $57.00 price target on Life Time Group in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on Life Time Group in a report on Friday, July 31st. Finally, Royal Bank Of Canada raised their price objective on Life Time Group from $50.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Life Time Group currently has an average rating of "Buy" and a consensus price target of $55.00.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $43.87 on Monday. The company has a 50 day moving average price of $41.76 and a 200 day moving average price of $34.83. The firm has a market capitalization of $9.80 billion, a P/E ratio of 23.84, a PEG ratio of 1.51 and a beta of 1.49. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group has a 52 week low of $24.14 and a 52 week high of $47.24.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.11. The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. Life Time Group's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. Sell-side analysts expect that Life Time Group will post 1.59 EPS for the current year.

Insider Activity

In related news, Director John Danhakl sold 2,879,154 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares in the company, valued at $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Bahram Akradi sold 438,257 shares of the business's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the transaction, the chief executive officer owned 3,615,086 shares of the company's stock, valued at $162,787,322.58. This represents a 10.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,971,850 shares of company stock valued at $306,262,084 over the last quarter. Insiders own 13.30% of the company's stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quantinno Capital Management LP raised its position in Life Time Group by 455.2% during the first quarter. Quantinno Capital Management LP now owns 76,101 shares of the company's stock valued at $2,050,000 after acquiring an additional 62,393 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Life Time Group by 138.3% in the second quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company's stock valued at $2,589,000 after acquiring an additional 36,800 shares during the period. Maven Securities LTD purchased a new stake in Life Time Group in the 2nd quarter worth approximately $1,034,000. Squarepoint Ops LLC purchased a new stake in Life Time Group in the 2nd quarter worth approximately $2,183,000. Finally, Tidal Investments LLC purchased a new stake in Life Time Group in the 2nd quarter worth approximately $14,439,000. Institutional investors and hedge funds own 79.40% of the company's stock.

About Life Time Group

Life Time Group Holdings, Inc NYSE: LTH operates a network of luxury athletic country clubs in the United States and Canada. The company's facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.