Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Rating of "Moderate Buy" by Brokerages

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 assigned a consensus rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $35.9231.

Several brokerages recently weighed in on LTH. Guggenheim reiterated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price target on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 84,744 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the completion of the transaction, the executive vice president owned 249,526 shares of the company's stock, valued at approximately $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company's stock.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted 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 purchasing an additional 11,180 shares during the period. State of Wyoming boosted its holdings in Life Time Group by 165.5% in the second quarter. State of Wyoming now owns 21,550 shares of the company's stock worth $654,000 after purchasing an additional 13,434 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Life Time Group in the second quarter valued at about $6,066,000. Nomura Holdings Inc. acquired a new stake in shares of Life Time Group in the second quarter valued at about $1,512,000. Finally, Caxton Associates LLP lifted its stake 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 valued at $251,000 after buying an additional 946 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $29.22 on Tuesday. The stock's fifty day moving average is $28.65 and its two-hundred day moving average is $29.45. The company has a market capitalization of $6.43 billion, a PE ratio of 28.65 and a beta of 1.72. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. Life Time Group has a 52 week low of $21.49 and a 52 week high of $34.99.

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

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