Life Time Group Holdings, Inc. (NYSE:LTH) Receives $35.92 Average Price Target from Analysts

Key Points

• Life Time Group Holdings, Inc. has received a consensus rating of "Moderate Buy" from 13 brokerages, with an average 12-month price target of $35.92.
• Recent transactions disclosed by insiders include CFO Erik Weaver and Director John G. Danhakl selling substantial shares, indicating a significant decrease in their positions.
• The company reported a revenue increase of 14.0% over the previous year, with $0.37 earnings per share for the last quarter, surpassing analyst expectations.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $35.9231.

A number of research analysts recently commented on LTH shares. Wall Street Zen cut Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley upped their target price on Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Guggenheim restated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Craig Hallum upgraded 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.

Life Time Group Stock Up 0.1%

Life Time Group stock traded up $0.04 on Friday, hitting $28.27. 132,653 shares of the stock traded hands, compared to its average volume of 2,557,098. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market cap of $6.22 billion, a P/E ratio of 27.78 and a beta of 1.73. The business's fifty day simple moving average is $28.68 and its 200 day simple moving average is $29.80. Life Time Group has a 1 year low of $21.49 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same period last year, the company earned $0.26 earnings per share. The company's revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts forecast that Life Time Group will post 0.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm'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 sale, the executive vice president owned 133,189 shares in the company, valued at $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.38, for a total value of $342,440,999.16. Following the completion of the transaction, the director directly owned 29,898,037 shares in the company, valued at $878,404,327.06. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,548,155 shares of company stock worth $691,624,905. 8.70% of the stock is owned by insiders.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently bought and sold shares of LTH. Kapitalo Investimentos Ltda acquired a new position in Life Time Group in the fourth quarter valued at approximately $33,000. Harbour Investments Inc. acquired a new position in shares of Life Time Group during the first quarter worth approximately $36,000. Sterling Capital Management LLC boosted its position in shares of Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after buying an additional 1,821 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock worth $45,000 after buying an additional 1,002 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock worth $46,000 after buying an additional 749 shares during the period. 79.40% of the stock is owned by institutional investors.

About Life Time Group

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.