Life Time Group Holdings, Inc. (NYSE:LTH) Receives $54.85 Consensus PT from Analysts

by · The Markets Daily

Shares of Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) have earned a consensus rating of “Buy” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. Thirteen investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $54.8462.

Several equities analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Weiss Ratings raised shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Northland Securities set a $57.00 price target on shares of Life Time Group in a report on Friday, July 31st. Guggenheim reissued a “buy” rating and set a $50.00 price objective on shares of Life Time Group in a research report on Wednesday, August 12th. Finally, KeyCorp raised their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st.

Check Out Our Latest Report on Life Time Group

Life Time Group Trading Down 2.2%

Shares of NYSE LTH opened at $39.87 on Friday. Life Time Group has a twelve month low of $24.14 and a twelve month high of $47.24. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.47 and a beta of 1.48. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $43.28 and its 200-day moving average is $35.70.

Life Time Group (NYSE:LTH – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Equities research analysts predict that Life Time Group will post 1.59 EPS for the current year.

Insider Activity

In other Life Time Group news, Director John G. Danhakl sold 2,879,154 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares of the company’s stock, valued at $132,689,910. This represents a 48.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Eric J. Buss sold 479,240 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the transaction, the executive vice president owned 474,008 shares of the company’s stock, valued at $21,316,139.76. The trade was a 50.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,033,814 shares of company stock worth $308,650,511. 13.30% of the stock is currently owned by insiders.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTH. Wellington Management Group LLP boosted its position in 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 purchasing an additional 99,154 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of 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 worth $217,929,000 after buying an additional 1,068,208 shares during the period. Geode Capital Management LLC grew its stake in Life Time Group by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock valued at $93,572,000 after buying an additional 207,822 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Life Time Group by 18.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after acquiring an additional 397,248 shares during the period. Finally, Norges Bank acquired a new stake in Life Time Group during the 4th quarter worth approximately $49,228,000. 79.40% of the stock is owned by institutional investors.

About Life Time Group

(Get Free Report)

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.

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