Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) PT at $35.92

Key Points

• Life Time Group Holdings, Inc. has received a consensus rating of "Moderate Buy" from thirteen research firms, with eight analysts issuing buy ratings and five recommending a hold.
• The company recently reported earnings of $0.37 per share for the last quarter, exceeding analysts' expectations of $0.33, alongside a revenue increase of 14.0% year-over-year.
• Institutional investors have significantly increased their stakes in Life Time Group, with 79.40% of the stock now owned by hedge funds and other institutions.

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen brokerages that are presently covering the stock, Marketbeat.com 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 target price among analysts that have covered the stock in the last year is $35.9231.

LTH has been the topic of several recent analyst reports. Guggenheim reiterated a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a research note on Tuesday, June 24th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 price target for the company in a research note on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

Insider Activity

In related news, EVP Parham Javaheri sold 9,375 shares of Life Time Group stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $28.05, for a total transaction of $262,968.75. Following the sale, the executive vice president directly owned 240,151 shares in the company, valued at $6,736,235.55. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LTH. Osaic Holdings Inc. increased its position in Life Time Group by 18.4% in the second quarter. Osaic Holdings Inc. now owns 71,796 shares of the company's stock worth $2,177,000 after buying an additional 11,180 shares in the last quarter. State of Wyoming raised its position in shares of Life Time Group by 165.5% during the 2nd quarter. State of Wyoming now owns 21,550 shares of the company's stock valued at $654,000 after purchasing an additional 13,434 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Life Time Group during the 2nd quarter valued at about $6,066,000. Nomura Holdings Inc. bought a new position in shares of Life Time Group during the 2nd quarter valued at approximately $1,512,000. Finally, Caxton Associates LLP grew its holdings in shares of Life Time Group by 12.9% in the second quarter. Caxton Associates LLP now owns 8,268 shares of the company's stock worth $251,000 after purchasing an additional 946 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

Shares of NYSE LTH traded down $0.81 during trading on Tuesday, reaching $28.57. 3,121,284 shares of the stock traded hands, compared to its average volume of 1,735,304. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market capitalization of $6.29 billion, a P/E ratio of 28.01 and a beta of 1.72. Life Time Group has a 52-week low of $21.49 and a 52-week high of $34.99. The company has a 50-day moving average of $28.60 and a 200-day moving average of $29.39.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $761.47 million for the quarter, compared to analysts' expectations of $752.33 million. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The firm's quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. Analysts forecast that Life Time Group will post 0.74 EPS for the current fiscal year.

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.