Guggenheim Reaffirms “Buy” Rating for Life Time Group (NYSE:LTH)

Life Time Group (NYSE:LTH)‘s stock had its “buy” rating reissued by equities research analysts at Guggenheim in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $32.00 price target on the stock, up from their prior price target of $29.00. Guggenheim’s price objective indicates a potential upside of 15.65% from the stock’s current price.

A number of other research analysts also recently weighed in on LTH. Morgan Stanley raised their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their target price on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, Northland Securities upped their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and an average price target of $28.75.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $27.67 on Friday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 1.02 and a beta of 1.89. Life Time Group has a 1 year low of $11.89 and a 1 year high of $27.74. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $23.63 and a 200 day simple moving average of $23.30.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts predict that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTH. Amalgamated Bank boosted its holdings in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares in the last quarter. Moody National Bank Trust Division grew its position in Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after acquiring an additional 911 shares during the period. Assetmark Inc. grew its position in Life Time Group by 8.5% in the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after acquiring an additional 941 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of Life Time Group by 2.2% during the third quarter. GSA Capital Partners LLP now owns 93,872 shares of the company’s stock valued at $2,292,000 after acquiring an additional 1,987 shares during the period. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.