Life Time Group Holdings, Inc. (NYSE:LTH) Receives $47.25 Average Target Price from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus recommendation of “Buy” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $53.7692.

LTH has been the subject of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Life Time Group in a report on Monday. They set a “buy” rating and a $53.00 target price for the company. Royal Bank Of Canada increased their price target on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group raised their price objective on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, June 29th. KeyCorp boosted their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Northland Securities set a $57.00 target price on shares of Life Time Group in a report on Friday.

Life Time Group Price Performance

Life Time Group stock opened at $44.86 on Friday. The firm has a market capitalization of $10.02 billion, a P/E ratio of 24.38, a PEG ratio of 1.66 and a beta of 1.50. Life Time Group has a one year low of $24.14 and a one year high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The business has a fifty day moving average price of $38.93 and a 200-day moving average price of $32.18.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The company had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. As a group, equities research analysts forecast that Life Time Group will post 1.53 EPS for the current year.

Key Life Time Group News

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Management raised its earnings outlook following the second-quarter earnings call, citing rapid growth. The company’s latest quarter also exceeded expectations, with earnings of $0.48 per share versus the $0.37 consensus estimate and revenue growth of 13.7% year over year. Life Time Group Lifts Earnings Outlook Amid Rapid Growth
• Positive Sentiment: Several analysts raised their price targets for LTH to $64, $52 and $51, indicating continued confidence in the premium health-club operator’s growth prospects and suggesting upside from recent trading levels. Life Time Group Price Target Raised to $64 Life Time Group Price Target Raised to $52 Life Time Group Price Target Raised to $51
• Positive Sentiment: Life Time is being highlighted as a beneficiary of the broader wellness boom, as consumers continue to spend on premium fitness clubs and health-related services. Best Health and Fitness Stocks for Investors Amid Wellness Boom
• Negative Sentiment: Multiple senior executives disclosed sizable insider sales completed July 31. CEO Bahram Akradi sold about $19.7 million of shares, EVP Eric Buss sold $21.6 million, EVP Parham Javaheri sold $2.8 million and CFO Erik Weaver sold $2.1 million. The transactions reduced their holdings by roughly 11% to 50% and could weigh on investor sentiment, although all retained shares. SEC insider trading filing

Insider Transactions at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 747,178 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $23,506,219.88. Following the completion of the transaction, the insider directly owned 2,431,203 shares in the company, valued at $76,485,646.38. The trade was a 23.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Kristofer Galashan sold 4,991,749 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total value of $157,040,423.54. Following the completion of the sale, the director owned 16,242,383 shares in the company, valued at $510,985,369.18. This trade represents a 23.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 23,403,822 shares of company stock worth $744,190,623. 13.30% of the stock is owned by corporate insiders.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently modified their holdings of LTH. GAMMA Investing LLC increased its holdings in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after buying an additional 721 shares during the last quarter. Wexford Capital LP bought a new position in Life Time Group in the third quarter valued at $40,000. EverSource Wealth Advisors LLC raised its position in Life Time Group by 201.6% during the second 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Life Time Group during the fourth quarter valued at about $73,000. Finally, Versant Capital Management Inc lifted its stake in Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after purchasing an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.