Life Time Group (NYSE:LTH) Coverage Initiated by Analysts at Northland Securities

Northland Securities started coverage on shares of Life Time Group (NYSE:LTH - Free Report) in a research note released on Tuesday, MarketBeat reports. The brokerage issued an outperform rating and a $23.00 price objective on the stock.

LTH has been the topic of several other reports. TheStreet upgraded shares of Life Time Group from a d+ rating to a c- rating in a report on Tuesday, January 23rd. Royal Bank of Canada raised their price objective on shares of Life Time Group from $18.00 to $20.00 and gave the stock an outperform rating in a report on Thursday, February 29th. Finally, Mizuho dropped their price objective on shares of Life Time Group from $26.00 to $23.00 and set a buy rating on the stock in a report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Life Time Group presently has a consensus rating of Moderate Buy and a consensus price target of $19.88.

Life Time Group Trading Up 3.8 %

NYSE LTH traded up $0.54 during trading hours on Tuesday, hitting $14.64. The company's stock had a trading volume of 697,505 shares, compared to its average volume of 763,800. The stock has a fifty day moving average of $14.08 and a 200 day moving average of $14.18. Life Time Group has a twelve month low of $11.10 and a twelve month high of $22.41. The firm has a market capitalization of $2.88 billion, a P/E ratio of 38.51 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.82.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to analyst estimates of $555.51 million. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the business posted $0.07 earnings per share. Equities research analysts forecast that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

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

Institutional Trading of Life Time Group

A number of hedge funds have recently modified their holdings of LTH. DekaBank Deutsche Girozentrale acquired a new stake in Life Time Group in the 3rd quarter worth about $27,000. Trellus Management Company LLC acquired a new position in shares of Life Time Group in the 3rd quarter valued at approximately $152,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Life Time Group by 62.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company's stock valued at $172,000 after buying an additional 4,330 shares in the last quarter. Assetmark Inc. raised its position in shares of Life Time Group by 16.3% in the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company's stock valued at $185,000 after buying an additional 1,702 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Life Time Group in the 4th quarter valued at approximately $213,000. Institutional investors and hedge funds own 79.40% of the company's stock.

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.