Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley raised Life Time Group’s price target from $53 to $54 while maintaining an “overweight” rating, implying approximately 23.1% upside from the reported share price.
• Analyst sentiment remains broadly positive, with a consensus “Buy” rating and average price target of $55.07; 15 analysts rate the stock Strong Buy or Buy, while one rates it Hold.
• Life Time Group recently exceeded quarterly expectations, reporting $0.48 in EPS versus $0.37 expected and $866 million in revenue, up 13.7% year over year. However, insiders sold nearly 7 million shares worth about $306.3 million over the past three months.

Life Time Group (NYSE:LTH - Get Free Report) had its price target hoisted by Morgan Stanley from $53.00 to $54.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's price target would indicate a potential upside of 23.10% from the stock's current price.

A number of other brokerages also recently commented on LTH. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on shares of Life Time Group in a research report on Friday, July 31st. KeyCorp boosted their target price on Life Time Group from $40.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Barclays assumed coverage on Life Time Group in a research note on Monday. They set an "overweight" rating and a $51.00 target price for the company. Zacks Research cut Life Time Group from a "strong-buy" rating to a "hold" rating in a report on Monday, October 19th. Finally, UBS Group set a $63.00 price target on Life Time Group in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $55.07.

Life Time Group Price Performance

Shares of NYSE LTH opened at $43.87 on Tuesday. The stock has a fifty day moving average price of $41.76 and a 200 day moving average price of $34.83. Life Time Group has a 1-year low of $24.14 and a 1-year high of $47.24. 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 $9.80 billion, a PE ratio of 23.84, a P/E/G ratio of 1.51 and a beta of 1.49.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.07% and a return on equity of 10.56%. Life Time Group's revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. Sell-side analysts forecast that Life Time Group will post 1.59 EPS for the current year.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 5,787 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $39.77, for a total value of $230,148.99. Following the completion of the transaction, the chief financial officer directly owned 83,131 shares of the company's stock, valued at approximately $3,306,119.87. This trade represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Ritadhwaja Singh sold 154,912 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.00, for a total transaction of $6,506,304.00. Following the completion of the transaction, the executive vice president directly owned 138,351 shares of the company's stock, valued at approximately $5,810,742. This trade represents a 52.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,971,850 shares of company stock valued at $306,262,084. 13.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in Life Time Group in the 3rd quarter valued at approximately $36,000. Nykredit A S acquired a new position in Life Time Group during the second quarter worth $47,000. EverSource Wealth Advisors LLC boosted its position in Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock worth $48,000 after purchasing an additional 587 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Life Time Group during the second quarter worth $68,000. Finally, Versant Capital Management Inc boosted its position in Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock worth $74,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Life Time Group Company Profile

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.

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