Life Time Group Holdings, Inc. (NYSE:LTH) Receives $35.92 Average PT from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $35.92.

Several research analysts have weighed in on the stock. Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. 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. Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a report on Friday, May 23rd. Deutsche Bank Aktiengesellschaft set a $36.00 target price on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Finally, BMO Capital Markets set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th.

Life Time Group Trading Up 0.9%

Shares of NYSE:LTH traded up $0.27 during mid-day trading on Thursday, hitting $30.04. The company had a trading volume of 10,594,513 shares, compared to its average volume of 1,969,027. The company has a market capitalization of $6.59 billion, a PE ratio of 30.38 and a beta of 1.75. Life Time Group has a one year low of $18.35 and a one year high of $34.99. The firm has a fifty day moving average price of $29.46 and a 200 day moving average price of $28.64. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31.

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

Insider Buying and Selling

In related news, CFO Erik Weaver sold 18,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total transaction of $517,320.00. Following the completion of the transaction, the chief financial officer now directly owns 86,611 shares in the company, valued at $2,489,200.14. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the transaction, the executive vice president now owns 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,548,155 shares of company stock valued at $691,624,905. Corporate insiders own 8.70% of the company's stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Ameriprise Financial Inc. grew its holdings 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 worth $154,547,000 after purchasing an additional 4,789,288 shares during the last quarter. Vanguard Group Inc. boosted its position in Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock valued at $282,829,000 after buying an additional 2,282,007 shares during the period. Burkehill Global Management LP bought a new stake in Life Time Group in the 1st quarter worth $46,473,000. Goldman Sachs Group Inc. increased its position in shares of Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock valued at $73,154,000 after acquiring an additional 1,428,446 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Life Time Group by 7,344.2% during the fourth quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock valued at $30,106,000 after acquiring an additional 1,342,749 shares during the last quarter. Institutional investors own 79.40% of the company's stock.

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.