Life Time Group (NYSE:LTH) Shares Gap Down - Should You Sell?

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $29.87, but opened at $29.00. Life Time Group shares last traded at $29.12, with a volume of 2,288,951 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on LTH. Mizuho upped their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Evercore ISI set a $38.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Bank of America set a $40.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, The Goldman Sachs Group upped their price target 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Trading Up 1.0%

The business's 50 day moving average price is $30.05 and its two-hundred day moving average price is $28.24. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 42.02, a P/E/G ratio of 0.81 and a beta of 1.75.

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

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently added to or reduced their stakes in the business. Dnca Finance boosted its position in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares during the period. Summit Investment Advisors Inc. boosted its position in Life Time Group by 12.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after buying an additional 712 shares during the period. Bank of New York Mellon Corp boosted its position in Life Time Group by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock worth $4,865,000 after buying an additional 788 shares during the period. Amalgamated Bank boosted its position in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after buying an additional 862 shares during the period. Finally, Rhumbline Advisers raised its holdings in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after purchasing an additional 1,075 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.