Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Recommendation of "Moderate Buy" 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 research firms that are covering the stock, 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 12-month price target among analysts that have covered the stock in the last year is $35.92.

Several research firms have recently weighed in on LTH. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, May 23rd. 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. Finally, Morgan Stanley upped their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th.

Life Time Group Price Performance

Shares of LTH traded down $1.37 during mid-day trading on Monday, hitting $29.00. The company's stock had a trading volume of 2,632,283 shares, compared to its average volume of 2,066,225. The firm has a 50-day moving average price of $29.05 and a 200 day moving average price of $29.54. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 30.98 and a beta of 1.74. 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 has a fifty-two week low of $20.22 and a fifty-two week high of $34.99.

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

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.80, for a total transaction of $3,866,313.60. Following the completion of the sale, the executive vice president owned 133,189 shares in the company, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 18,000 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the transaction, the chief financial officer directly owned 86,611 shares in the company, valued at $2,489,200.14. This represents a 17.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, 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 have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Life Time Group by 32.2% in the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after buying an additional 2,282,007 shares during the period. Dimensional Fund Advisors LP raised its stake in Life Time Group by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after buying an additional 147,295 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Life Time Group by 1,729.3% during the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock valued at $154,547,000 after buying an additional 4,789,288 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Life Time Group by 12.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock valued at $75,781,000 after buying an additional 375,672 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its stake in Life Time Group by 7.1% during the first quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock valued at $95,637,000 after buying an additional 211,117 shares during the last quarter. 79.40% of the stock is currently owned by 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.