Life Time Group (NYSE:LTH) Shares Gap Down - What's Next?

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 traded.

Analyst Ratings Changes

A number of analysts recently commented on LTH shares. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the company a "hold" rating in a research note on Thursday, February 27th. Guggenheim increased their target price on Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Bank of America set a $40.00 price target on Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. Evercore ISI set a $38.00 price objective on Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Northland Securities set a $39.00 target price on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.92.

Life Time Group Trading Up 1.0%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market cap of $6.36 billion, a P/E ratio of 42.02, a P/E/G ratio of 0.81 and a beta of 1.75. The stock has a 50-day moving average price of $30.02 and a 200-day moving average price of $28.30.

Life Time Group (NYSE:LTH - Get Free Report) last announced its 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 business 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 firm posted $0.15 earnings per share. Life Time Group's quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Institutional Trading of Life Time Group

A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its position in Life Time Group by 32.7% in the first quarter. Rhumbline Advisers now owns 121,552 shares of the company's stock valued at $3,671,000 after purchasing an additional 29,980 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Life Time Group in the first quarter worth $839,000. Integrity Alliance LLC. bought a new position in shares of Life Time Group in the 1st quarter worth about $305,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company's stock valued at $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Life Time Group in the first quarter worth $221,000. Institutional investors own 79.40% of the company's stock.

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.