Life Time Group (NYSE:LTH) Price Target Raised to $44.00

Life Time Group (NYSE:LTH) had its price target upped by Mizuho from $41.00 to $44.00 in a research note issued to investors on Thursday, Marketbeat reports. Mizuho currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on LTH. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a research note on Tuesday. KeyCorp started coverage on Life Time Group in a research note on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective for the company. Northland Securities set a $42.00 price objective on Life Time Group in a research note on Friday, January 23rd. Guggenheim reiterated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Finally, Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $40.40.

Life Time Group Trading Down 1.1%

LTH opened at $31.85 on Thursday. The stock has a market cap of $7.09 billion, a PE ratio of 18.62, a PEG ratio of 1.32 and a beta of 1.50. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $27.15 and a 200-day moving average of $27.11. Life Time Group has a 52 week low of $24.14 and a 52 week high of $33.95.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Equities research analysts predict that Life Time Group will post 1.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, Director Stuart G. Lasher sold 50,000 shares of Life Time Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $32.42, for a total value of $1,621,000.00. Following the completion of the sale, the director owned 71,058 shares of the company’s stock, valued at approximately $2,303,700.36. This trade represents a 41.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John G. Danhakl sold 2,493,083 shares of Life Time Group stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $28.60, for a total value of $71,302,173.80. Following the completion of the sale, the director directly owned 22,412,978 shares of the company’s stock, valued at approximately $641,011,170.80. The trade was a 10.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 5,845,093 shares of company stock worth $168,134,812. 13.30% of the stock is owned by corporate insiders.

Institutional Trading of Life Time Group

A number of 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 purchasing an additional 721 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC increased its holdings in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of Life Time Group in the 3rd quarter worth $69,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the 4th quarter worth $73,000. Institutional investors own 79.40% of the company’s stock.

Key Life Time Group News

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

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

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.