Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Analyst sentiment is bullish: All 15 covering firms rate Life Time Group a Buy or Strong Buy, with an average 12-month price target of $54.85 versus the reported $40.77 share price.
• Quarterly results exceeded expectations: Life Time reported earnings of $0.48 per share, above the $0.37 consensus, while revenue reached $866 million and increased 13.7% year over year.
• Insiders have been selling shares: Executives sold more than 7 million shares worth approximately $308.7 million over the past 90 days, including significant sales by the CEO and executive vice president.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has earned an average rating of "Buy" from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $54.8462.

A number of brokerages have recently issued reports on LTH. KeyCorp raised their price objective 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. Wells Fargo & Company increased their target price on shares of Life Time Group from $46.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Bank of America restated a "buy" rating and set a $51.00 price target on shares of Life Time Group in a report on Friday, July 31st. Weiss Ratings upgraded shares of Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group assumed coverage on shares of Life Time Group in a research report on Monday, August 3rd. They set a "buy" rating and a $53.00 price objective for the company.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $40.77 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. Life Time Group has a 52 week low of $24.14 and a 52 week high of $47.24. The firm has a market cap of $9.11 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.47 and a beta of 1.48. The firm's fifty day moving average is $43.31 and its 200-day moving average is $35.54.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.11. The business 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%.Life Time Group's quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Sell-side analysts predict that Life Time Group will post 1.59 earnings per share for the current year.

Insider Buying and Selling at Life Time Group

In other news, CEO Bahram Akradi sold 438,257 shares of the business's stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $45.03, for a total value of $19,734,712.71. Following the transaction, the chief executive officer directly owned 3,615,086 shares of the company's stock, valued at $162,787,322.58. The trade was a 10.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 63,203 shares of the business's stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $45.09, for a total value of $2,849,823.27. Following the completion of the transaction, the executive vice president directly owned 183,371 shares in the company, valued at $8,268,198.39. This represents a 25.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 7,033,814 shares of company stock valued at $308,650,511. 13.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in Life Time Group by 1.0% in the second quarter. Arizona State Retirement System now owns 39,782 shares of the company's stock worth $1,625,000 after acquiring an additional 412 shares in the last quarter. Harbour Investments Inc. increased its stake in Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company's stock valued at $170,000 after purchasing an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 587 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Life Time Group by 8.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,292 shares of the company's stock worth $274,000 after buying an additional 834 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Life Time Group by 36.6% in the second quarter. GAMMA Investing LLC now owns 3,844 shares of the company's stock valued at $157,000 after buying an additional 1,029 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.

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