Life Time Group (NYSE:LTH) Now Covered by Craig Hallum

Analysts at Craig Hallum assumed coverage on shares of Life Time Group (NYSE:LTH - Get Free Report) in a research note issued on Friday. The brokerage set a "buy" rating and a $45.00 price target on the stock. Craig Hallum's price objective would suggest a potential upside of 55.63% from the stock's current price.

LTH has been the topic of several other research reports. Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the company a "hold" rating in a research report on Friday, March 14th. Guggenheim lifted their price target on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Morgan Stanley lifted their price target on shares of Life Time Group from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Trading Up 0.4%

LTH traded up $0.11 during trading on Friday, hitting $28.91. 38,192 shares of the company's stock were exchanged, compared to its average volume of 1,677,874. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 1 year low of $15.29 and a 1 year high of $34.99. The stock has a 50 day moving average price of $30.48 and a 200 day moving average price of $27.90. The firm has a market cap of $6.34 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 0.81 and a beta of 1.86.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.12. The firm had revenue of $706.04 million for the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS. As a group, analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bahram Akradi sold 5,000,000 shares of the business's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LTH. Kapitalo Investimentos Ltda bought a new position in Life Time Group in the 4th quarter worth about $33,000. Harbour Investments Inc. purchased a new stake in Life Time Group in the 1st quarter worth approximately $36,000. R Squared Ltd purchased a new position in shares of Life Time Group in the 4th quarter valued at approximately $42,000. Sterling Capital Management LLC increased its position in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. Finally, Quarry LP increased its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

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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