Life Time Group Holdings, Inc. (NYSE:LTH) Receives $25.56 Consensus Price Target from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $26.64.

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. The Goldman Sachs Group upped their target price on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Craig Hallum assumed coverage on Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 price target on the stock. Wells Fargo & Company upped their price objective on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Northland Securities raised their target price on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Friday, August 2nd.

Insiders Place Their Bets

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at approximately $123,804,786.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank lifted its stake in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares in the last quarter. Dnca Finance bought a new stake in shares of Life Time Group in the second quarter worth $72,000. SG Americas Securities LLC acquired a new position in Life Time Group during the second quarter worth $141,000. Hsbc Holdings PLC bought a new position in Life Time Group in the second quarter valued at $192,000. Finally, Entropy Technologies LP acquired a new stake in Life Time Group in the 1st quarter valued at $198,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Down 0.9 %

NYSE:LTH opened at $24.21 on Tuesday. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 67.25, a P/E/G ratio of 3.18 and a beta of 1.87. Life Time Group has a 52-week low of $11.10 and a 52-week high of $25.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. The stock’s fifty day moving average price is $23.32 and its two-hundred day moving average price is $18.70.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. During the same period last year, the company earned $0.08 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that Life Time Group will post 0.56 EPS for the current year.

Life Time Group Company Profile

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.