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

Key Points

• Analysts maintain a bullish outlook: Fifteen research firms give Life Time Group a consensus “Buy” rating, with 13 buys and two strong buys. The average 12-month price target is approximately $54.85.
• Quarterly results exceeded expectations: Life Time Group reported earnings of $0.48 per share versus the $0.37 consensus estimate, while revenue reached $866 million, up 13.7% year over year and above forecasts.
• Shares have rallied, but insiders have sold: LTH opened at $45.84 and is near its 52-week high of $47.24. Company insiders sold 5.88 million shares worth roughly $186 million over the past quarter, while institutional investors own 79.4% of the stock.

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have been assigned a consensus recommendation of "Buy" from the fifteen research firms that are presently covering the company, Marketbeat reports. Thirteen investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $54.8462.

LTH has been the topic of several analyst reports. Weiss Ratings raised Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their price target on Life Time Group from $46.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Northland Securities set a $57.00 price target on shares of Life Time Group in a research note on Friday, July 31st. Bank of America reissued a "buy" rating and set a $51.00 price objective on shares of Life Time Group in a research report on Friday, July 31st. Finally, The Goldman Sachs Group initiated coverage on shares of Life Time Group in a research note on Monday, August 3rd. They set a "buy" rating and a $53.00 price objective for the company.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 67,751 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total transaction of $2,618,576.15. Following the sale, the executive vice president owned 138,351 shares in the company, valued at $5,347,266.15. This represents a 32.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Erik Weaver sold 47,748 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $44.80, for a total transaction of $2,139,110.40. Following the sale, the chief financial officer directly owned 88,918 shares of the company's stock, valued at $3,983,526.40. This trade represents a 34.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 5,883,869 shares of company stock valued at $186,023,546. Company insiders own 13.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTH. Wexford Capital LP purchased a new stake in shares of Life Time Group during the third quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its stake in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Nykredit A S bought a new position in Life Time Group during the 2nd quarter valued at about $47,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Life Time Group during the 4th quarter valued at about $73,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock valued at $74,000 after acquiring an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Trading Up 1.6%

LTH opened at $45.84 on Tuesday. The stock has a market cap of $10.24 billion, a PE ratio of 24.91, a PEG ratio of 1.63 and a beta of 1.50. 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 has a 50 day moving average of $42.16 and a 200-day moving average of $33.75. 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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%.The firm's quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. Equities research analysts predict that Life Time Group will post 1.59 earnings per share for the current fiscal year.

About Life Time Group

Life Time Group NYSE: LTH is a premier operator of health, fitness and lifestyle centers across North America. The company's core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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