Life Time Group Holdings, Inc. (NYSE:LTH) Stock Has Consensus Price Target of $55.31

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average recommendation of “Buy” by the fifteen brokerages that are currently covering the stock, Marketbeat reports. Thirteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $55.31.

Several equities research analysts recently issued reports on the stock. Bank of America reissued a “buy” rating and issued a $51.00 target price on shares of Life Time Group in a research report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. KeyCorp upped their price objective on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Oppenheimer upped their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company increased their target price on Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st.

Insiders Place Their Bets

In other Life Time Group news, Director John Galashan sold 2,879,154 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the transaction, the director owned 3,029,450 shares in the company, valued at $132,689,910. The trade was a 48.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Eric J. Buss sold 479,240 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $44.97, for a total value of $21,551,422.80. Following the completion of the transaction, the executive vice president owned 474,008 shares in the company, valued at approximately $21,316,139.76. This trade represents a 50.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 6,971,850 shares of company stock worth $306,262,084. 13.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently bought and sold shares of LTH. Wellington Management Group LLP grew its position in shares of Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after acquiring an additional 99,154 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Life Time Group by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after purchasing an additional 1,068,208 shares during the period. Principal Financial Group Inc. boosted its stake in Life Time Group by 18.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after purchasing an additional 397,248 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Life Time Group by 38.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock valued at $47,031,000 after purchasing an additional 487,478 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock worth $23,236,000 after purchasing an additional 380,610 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Up 1.3%

LTH stock opened at $41.13 on Wednesday. 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 company’s 50 day simple moving average is $41.90 and its 200-day simple moving average is $37.76. Life Time Group has a 12 month low of $24.14 and a 12 month high of $47.24. The firm has a market capitalization of $9.19 billion, a PE ratio of 27.80, a P/E/G ratio of 1.46 and a beta of 1.49.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. Equities analysts expect that Life Time Group will post 1.59 earnings per share for the current fiscal year.

Life Time Group Company Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.