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

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.92.

Several research analysts recently commented on the company. 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. Craig Hallum lifted their target price on Life Time Group from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company set a $28.00 price objective on shares of Life Time Group and gave the company a "hold" rating in a research note on Thursday, February 27th. Morgan Stanley raised their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd.

Insider Activity

In related news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at $90,204,670.37. The trade was a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Life Time Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. bought a new position in shares of Life Time Group in the 1st quarter worth about $36,000. Kapitalo Investimentos Ltda purchased a new stake in Life Time Group during the 4th quarter worth approximately $33,000. R Squared Ltd purchased a new stake in Life Time Group in the 4th quarter worth approximately $42,000. Sterling Capital Management LLC lifted its holdings in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Quarry LP grew 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 period. Institutional investors own 79.40% of the company's stock.

Life Time Group Stock Down 6.9 %

Shares of LTH traded down $2.12 during mid-day trading on Wednesday, reaching $28.64. 3,213,711 shares of the stock traded hands, compared to its average volume of 1,652,860. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 41.51, a P/E/G ratio of 0.81 and a beta of 1.86. The stock has a fifty day simple moving average of $30.48 and a 200 day simple moving average of $27.54. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group has a 12-month low of $14.56 and a 12-month high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $706.04 million during the quarter, compared to analysts' expectations of $684.06 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business's revenue for the quarter was up 18.3% on a year-over-year basis. Sell-side analysts expect 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.