Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $37.00

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $37.00.

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Zacks Research cut Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Morgan Stanley lowered their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, UBS Group set a $48.00 target price on Life Time Group in a research report on Friday, October 17th.

Insider Buying and Selling

In related news, EVP Eric J. Buss sold 74,487 shares of Life Time Group stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the sale, the executive vice president directly owned 380,683 shares in the company, valued at $10,678,158.15. This trade represents a 16.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

Several institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised its position in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the last quarter. Wexford Capital LP bought a new stake in Life Time Group in the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares during the period. Nisa Investment Advisors LLC raised its holdings in Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Life Time Group by 10,150.0% in the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares during the period. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

Shares of NYSE:LTH opened at $27.13 on Monday. The company’s 50 day moving average price is $26.52 and its two-hundred day moving average price is $27.30. Life Time Group has a 12-month low of $24.14 and a 12-month high of $34.99. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The firm has a market cap of $5.98 billion, a PE ratio of 21.03, a PEG ratio of 0.77 and a beta of 1.68.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%.The firm had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Equities research analysts predict that Life Time Group will post 0.74 earnings per share for the current year.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.