Life Time Group Holdings, Inc. (LTH) - What Are Brokerages Thinking About This Stock?

Key Points

• Analysts remain bullish: All 15 covering firms rate Life Time Group a Buy or Strong Buy, with an average 12-month price target of $55.31. Recent targets range from $51 to $60.
• Quarterly results exceeded expectations: Life Time Group reported adjusted earnings of $0.48 per share versus the $0.37 consensus estimate, while revenue rose 13.7% year over year to $866 million.
• Insiders have been selling shares: Company insiders sold nearly 7 million shares worth approximately $306 million over the past 90 days, including substantial sales by the CEO and an executive vice president. Institutional investors still own 79.4% of the stock.

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have been assigned a consensus rating of "Buy" from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Thirteen 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 objective among brokers that have updated their coverage on the stock in the last year is $55.31.

LTH has been the topic of several research reports. KeyCorp lifted their price target on shares of Life Time Group from $40.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Wells Fargo & Company increased their price objective on shares of Life Time Group from $46.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Royal Bank Of Canada increased their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Northland Securities set a $57.00 target price on shares of Life Time Group in a research report on Friday, July 31st. Finally, Bank of America reaffirmed a "buy" rating and set a $51.00 target price on shares of Life Time Group in a research note on Friday, July 31st.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Singh sold 154,912 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $42.00, for a total value of $6,506,304.00. Following the completion of the transaction, the executive vice president directly owned 138,351 shares in the company, valued at approximately $5,810,742. This represents a 52.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bahram Akradi sold 438,257 shares of the firm's stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.03, for a total value of $19,734,712.71. Following the sale, the chief executive officer directly owned 3,615,086 shares in the company, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 6,966,063 shares of company stock valued at $306,031,935. 13.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Several large investors have recently bought and sold shares of LTH. Arizona State Retirement System raised its holdings in shares of Life Time Group by 1.0% during the second quarter. Arizona State Retirement System now owns 39,782 shares of the company's stock valued at $1,625,000 after purchasing an additional 412 shares during the period. 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 worth $48,000 after purchasing an additional 587 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Life Time Group by 24.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,799 shares of the company's stock valued at $191,000 after buying an additional 955 shares during the period. Nykredit A S acquired a new stake in shares of Life Time Group in the 2nd quarter valued at about $47,000. Finally, Versant Capital Management Inc increased its position in Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock valued at $74,000 after buying an additional 1,339 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Stock Performance

Life Time Group stock opened at $39.75 on Wednesday. Life Time Group has a 12-month low of $24.14 and a 12-month high of $47.24. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The business's 50-day moving average price is $42.22 and its two-hundred day moving average price is $37.26. The stock has a market cap of $8.88 billion, a PE ratio of 21.60, a P/E/G ratio of 1.46 and a beta of 1.49.

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

Life Time Group Company Profile

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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