Guggenheim Reiterates "Buy" Rating for Life Time Group (NYSE:LTH)

Life Time Group (NYSE:LTH - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Guggenheim in a research note issued on Wednesday,Benzinga reports. They presently have a $36.00 price target on the stock. Guggenheim's price target indicates a potential upside of 30.58% from the stock's previous close.

LTH has been the topic of several other research reports. Bank of America set a $40.00 price target on shares of Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. BMO Capital Markets set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a report on Friday, March 14th. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group raised their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

NYSE LTH traded up $0.94 on Wednesday, reaching $27.57. 690,290 shares of the stock traded hands, compared to its average volume of 1,845,950. Life Time Group has a 12 month low of $17.94 and a 12 month high of $34.99. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.75. The firm's fifty day simple moving average is $29.80 and its 200 day simple moving average is $28.45. 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 (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The firm had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same period in the previous year, the business earned $0.15 earnings per share. Life Time Group's revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, research analysts predict that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 11,655,582 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the sale, the director now directly owns 29,898,037 shares of the company's stock, valued at $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Erik Weaver sold 18,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the transaction, the chief financial officer now owns 86,611 shares in the company, valued at approximately $2,489,200.14. This trade represents a 17.21% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,548,155 shares of company stock worth $691,624,905. Corporate insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of LTH. Vanguard Group Inc. boosted its holdings in shares of Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after buying an additional 2,282,007 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Life Time Group by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after acquiring an additional 147,295 shares during the period. Ameriprise Financial Inc. grew its position in shares of Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock valued at $154,547,000 after purchasing an additional 4,789,288 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock valued at $75,781,000 after purchasing an additional 375,672 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Life Time Group by 7.1% in the first quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock worth $95,637,000 after purchasing an additional 211,117 shares during the period. 79.40% of the stock is currently owned by institutional investors.

About Life Time Group

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.

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