Life Time Group Holdings, Inc. (LTH) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts are broadly positive: Fifteen of 16 analysts rate Life Time Group a buy, with one hold; the average 12-month price target is $56.14. Recent target increases included Mizuho’s move to $68 and RBC’s move to $60.
• Quarterly results beat expectations: Life Time reported EPS of $0.51 versus the $0.41 consensus and revenue of $893.52 million versus $874.98 million expected. Revenue rose 14.1% year over year.
• Insiders have sold substantial shares: Insiders sold about 6.2 million shares worth $272.2 million over the past 90 days, though insiders still own 13.3% of the company.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has earned an average rating of "Moderate Buy" from the sixteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $56.14.

A number of research analysts have issued reports on LTH shares. KeyCorp lifted their price objective on Life Time Group from $52.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Life Time Group in a research note on Tuesday. Mizuho raised their price target on Life Time Group from $64.00 to $68.00 and gave the company an "outperform" rating in a report on Tuesday, October 27th. The Goldman Sachs Group restated a "buy" rating and set a $56.00 price target on shares of Life Time Group in a report on Friday, October 30th. Finally, Royal Bank Of Canada lifted their price target on Life Time Group from $50.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st.

Life Time Group Price Performance

LTH stock opened at $47.08 on Friday. The firm has a 50 day moving average price of $41.80 and a 200-day moving average price of $35.72. Life Time Group has a 52-week low of $24.45 and a 52-week high of $48.61. The firm has a market capitalization of $10.57 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 1.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.73.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $893.52 million for the quarter, compared to the consensus estimate of $874.98 million. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. Equities research analysts forecast that Life Time Group will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, Director John Galashan sold 2,879,154 shares of Life Time Group stock in a transaction dated Wednesday, August 26th. The shares were 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 directly owned 3,029,450 shares of the company's stock, valued at approximately $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 6,713 shares of the company's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $44.83, for a total transaction of $300,943.79. Following the completion of the transaction, the chief financial officer owned 76,418 shares in the company, valued at approximately $3,425,818.94. This represents a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,214,115 shares of company stock worth $272,178,518 in the last 90 days. Insiders own 13.30% of the company's stock.

Institutional Trading of Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Diversified Trust Co grew its position in Life Time Group by 1.4% in the 3rd quarter. Diversified Trust Co now owns 17,829 shares of the company's stock worth $711,000 after purchasing an additional 248 shares during the period. Maryland State Retirement & Pension System raised its stake in Life Time Group by 89.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 42,362 shares of the company's stock valued at $1,689,000 after buying an additional 19,945 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in Life Time Group during the 3rd quarter valued at $4,079,000. New York Life Investment Management LLC purchased a new stake in Life Time Group during the 3rd quarter valued at $947,000. Finally, Ethic Inc. lifted its holdings in shares of Life Time Group by 32.2% during the 3rd quarter. Ethic Inc. now owns 17,709 shares of the company's stock valued at $706,000 after buying an additional 4,316 shares during the period. Institutional investors 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.

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