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

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirteen research firms 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 target among brokers that have updated their coverage on the stock in the last year is $35.92.

A number of equities analysts recently issued reports on the company. Northland Securities set a $39.00 target price on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Evercore ISI set a $38.00 price objective on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Guggenheim lifted their price objective on Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Mizuho lifted their price objective on 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, Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a research note on Thursday, February 27th.

Life Time Group Stock Up 2.4%

Shares of Life Time Group stock traded up $0.69 during trading on Friday, reaching $29.86. The company's stock had a trading volume of 1,347,705 shares, compared to its average volume of 1,709,206. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 43.28, a P/E/G ratio of 0.81 and a beta of 1.86. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a 50-day simple moving average of $30.09 and a two-hundred day simple moving average of $28.19. Life Time Group has a 1-year low of $17.17 and a 1-year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. As a group, equities analysts forecast that Life Time Group will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On Life Time Group

Large investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Life Time Group during the 4th quarter worth approximately $33,000. Harbour Investments Inc. acquired a new position in shares of Life Time Group during the 1st quarter worth approximately $36,000. R Squared Ltd acquired a new position in shares of Life Time Group during the 4th quarter worth approximately $42,000. Sterling Capital Management LLC boosted its holdings in shares of Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.