Life Time Group Holdings, Inc. (NYSE:LTH) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.00.

Several research firms recently issued reports on LTH. TheStreet raised shares of Life Time Group from a "d+" rating to a "c-" rating in a research report on Tuesday, January 23rd. Northland Securities began coverage on shares of Life Time Group in a research report on Tuesday. They issued an "outperform" rating and a $23.00 price target for the company. Royal Bank of Canada increased their price target on shares of Life Time Group from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Thursday, February 29th. Finally, Mizuho dropped their price target on shares of Life Time Group from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Monday, March 4th.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the sale, the executive vice president now directly owns 201,521 shares of the company's stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the sale, the executive vice president now directly owns 201,521 shares of the company's stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Erik Weaver sold 5,269 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total transaction of $67,285.13. Following the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

Institutional Trading of Life Time Group

Hedge funds have recently modified their holdings of the stock. Moody National Bank Trust Division boosted its stake in Life Time Group by 51.7% in the first quarter. Moody National Bank Trust Division now owns 102,167 shares of the company's stock valued at $1,586,000 after acquiring an additional 34,838 shares during the last quarter. Vanguard Group Inc. boosted its stake in Life Time Group by 35.2% in the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company's stock valued at $96,530,000 after acquiring an additional 1,665,006 shares during the last quarter. Wellington Management Group LLP bought a new position in Life Time Group in the fourth quarter valued at approximately $14,544,000. Nebula Research & Development LLC bought a new position in Life Time Group in the fourth quarter valued at approximately $776,000. Finally, Bellevue Group AG bought a new position in Life Time Group in the fourth quarter valued at approximately $380,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

Shares of LTH traded up $0.04 during trading hours on Friday, reaching $14.15. 441,320 shares of the company traded hands, compared to its average volume of 623,522. The stock's fifty day moving average is $14.19 and its 200 day moving average is $14.17. The stock has a market cap of $2.78 billion, a P/E ratio of 37.24 and a beta of 1.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.22 and a current ratio of 0.31. Life Time Group has a 1-year low of $11.10 and a 1-year high of $22.41.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.10. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The business had revenue of $558.80 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Life Time Group will post 0.5 earnings per share for the current fiscal year.

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.