Life Time Group's (LTH) "Buy" Rating Reaffirmed at Guggenheim

Life Time Group (NYSE:LTH - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Guggenheim in a note issued to investors on Tuesday,Benzinga reports. They currently have a $36.00 price target on the stock. Guggenheim's target price would indicate a potential upside of 21.91% from the company's current price.

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley boosted their price target 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. Northland Securities set a $39.00 target price on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Evercore ISI set a $38.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Bank of America set a $40.00 price objective on Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a report on Friday, March 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Life Time Group Trading Up 4.1%

NYSE:LTH opened at $29.53 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. Life Time Group has a 1 year low of $18.01 and a 1 year high of $34.99. The stock has a market cap of $6.48 billion, a P/E ratio of 30.76 and a beta of 1.76. The stock has a 50-day simple moving average of $29.58 and a 200-day simple moving average of $28.59.

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

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president now owns 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 134,247 shares of the business's stock in a transaction dated 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 now directly owns 133,189 shares in the company, valued at approximately $3,835,843.20. This represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,548,155 shares of company stock worth $691,624,905 over the last ninety days. 8.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LTH. Rhumbline Advisers grew its holdings in shares of Life Time Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after acquiring an additional 1,075 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Life Time Group by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 602,371 shares of the company's stock valued at $13,324,000 after buying an additional 15,530 shares in the last quarter. Norges Bank acquired a new position in shares of Life Time Group during the 4th quarter worth $19,198,000. Versor Investments LP boosted its position in shares of Life Time Group by 5.5% in the 4th quarter. Versor Investments LP now owns 39,418 shares of the company's stock worth $872,000 after buying an additional 2,072 shares in the last quarter. Finally, Swiss National Bank grew its stake in Life Time Group by 21.2% in the 4th quarter. Swiss National Bank now owns 141,200 shares of the company's stock valued at $3,123,000 after acquiring an additional 24,700 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other 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.

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