Guggenheim Reiterates "Buy" Rating for Life Time Group (NYSE:LTH)

Guggenheim restated their buy rating on shares of Life Time Group (NYSE:LTH - Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a $36.00 price objective on the stock.

Several other brokerages have also issued reports on LTH. The Goldman Sachs Group lifted their price target on Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. 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 report on Monday, March 3rd. Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.14 on Tuesday, hitting $29.91. The company's stock had a trading volume of 1,900,614 shares, compared to its average volume of 1,929,714. Life Time Group has a 1 year low of $18.35 and a 1 year high of $34.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. The company has a market capitalization of $6.56 billion, a PE ratio of 31.17 and a beta of 1.75. The company has a 50-day simple moving average of $29.46 and a 200 day simple moving average of $28.64.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. The business had revenue of $706.04 million during the quarter, compared to analysts' expectations of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business's quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. Sell-side analysts forecast that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the sale, the executive vice president now directly owns 249,526 shares in the company, valued at $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The transaction 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 stock in a transaction on Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the completion of the transaction, the executive vice president now owns 133,189 shares of the company's stock, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,548,155 shares of company stock valued at $691,624,905 over the last three months. Corporate insiders own 8.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group during the fourth quarter valued at approximately $33,000. Harbour Investments Inc. bought a new stake in Life Time Group in the first quarter worth $36,000. Sterling Capital Management LLC grew its stake in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after acquiring an additional 1,821 shares during the last quarter. Quarry LP raised its position in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock worth $53,000 after purchasing an additional 1,214 shares in 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.