Life Time Group’s (LTH) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Life Time Group (NYSE:LTH) in a research note published on Friday,Benzinga reports. They currently have a $32.00 price target on the stock, up from their previous price target of $29.00.

A number of other equities analysts have also recently weighed in on LTH. Northland Securities increased their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley increased their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI initiated coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $28.75.

Life Time Group Stock Up 3.9 %

NYSE LTH opened at $27.67 on Friday. The business’s fifty day simple moving average is $23.63 and its 200-day simple moving average is $23.27. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market cap of $5.73 billion, a PE ratio of 40.10, a P/E/G ratio of 1.02 and a beta of 1.89. Life Time Group has a 52 week low of $11.89 and a 52 week high of $27.74.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, equities analysts anticipate that Life Time Group will post 0.56 earnings per share for the current year.

Insider Transactions at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank increased its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Moody National Bank Trust Division increased its stake in Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after purchasing an additional 911 shares during the last quarter. Assetmark Inc. increased its stake in Life Time Group by 8.5% in the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after purchasing an additional 941 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in Life Time Group by 2.2% during the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock worth $2,292,000 after purchasing an additional 1,987 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.