Life Time Group (NYSE:LTH) Given Buy Rating at Guggenheim

Life Time Group (NYSE:LTH - Get Free Report)'s stock had its "buy" rating restated by research analysts at Guggenheim in a research report issued on Wednesday,Benzinga reports. They presently have a $36.00 price target on the stock. Guggenheim's price objective would indicate a potential upside of 27.19% from the company's current price.

Several other equities research analysts have also commented on LTH. Morgan Stanley boosted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Royal Bank Of Canada set a $35.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Bank of America set a $40.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Mizuho raised their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the stock a "hold" rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.69 during trading on Wednesday, reaching $28.30. 5,287,971 shares of the company's stock traded hands, compared to its average volume of 1,880,358. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. Life Time Group has a fifty-two week low of $18.01 and a fifty-two week high of $34.99. The company has a 50-day simple moving average of $29.63 and a 200-day simple moving average of $28.50. The firm has a market cap of $6.21 billion, a PE ratio of 29.48 and a beta of 1.75.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. Life Time Group's revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 earnings per share. As a group, analysts predict that Life Time Group will post 0.74 earnings per share for the current year.

Insider Buying and Selling at Life Time Group

In other news, Director John Kristofer Galashan sold 11,655,582 shares of Life Time Group stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director now owns 29,898,037 shares in the company, valued at $878,404,327.06. The trade was a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the sale, the executive vice president now directly owns 133,189 shares of the company's stock, valued at $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,548,155 shares of company stock worth $691,624,905. Insiders own 8.70% of the company's stock.

Institutional Trading of Life Time Group

Hedge funds have recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in Life Time Group in the fourth quarter valued at approximately $33,000. Harbour Investments Inc. purchased a new stake in Life Time Group in the first quarter valued at $36,000. Sterling Capital Management LLC lifted its stake in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,821 shares during the last quarter. Quarry LP lifted its stake in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after purchasing an additional 1,214 shares during the period. Hedge funds and other institutional investors own 79.40% of the company's stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.