Life Time Group (NYSE:LTH) Receives New Coverage from Analysts at Northland Securities

Northland Securities assumed coverage on shares of Life Time Group (NYSE:LTH) in a research note published on Tuesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock.

A number of other brokerages also recently issued reports on LTH. Royal Bank of Canada lifted their price target on Life Time Group from $18.00 to $20.00 and gave the stock an outperform rating in a report on Thursday, February 29th. TheStreet upgraded Life Time Group from a d+ rating to a c- rating in a research note on Tuesday, January 23rd. Finally, Mizuho dropped their price target on shares of Life Time Group from $26.00 to $23.00 and set a buy rating on the stock in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Life Time Group presently has an average rating of Moderate Buy and an average price target of $20.00.

Life Time Group Stock Up 0.3 %

Shares of NYSE:LTH opened at $14.15 on Tuesday. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $22.41. The firm’s 50 day moving average price is $14.19 and its 200 day moving average price is $14.18. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.82. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 37.24 and a beta of 1.74.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a net margin of 3.43% and a return on equity of 4.17%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. As a group, equities research analysts predict that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total transaction of $67,285.13. Following the transaction, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at approximately $2,742,700.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the transaction, the chief financial officer now owns 86,967 shares in the company, valued at $1,110,568.59. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently modified their holdings of the stock. Trellus Management Company LLC acquired a new position in shares of Life Time Group during the third quarter worth about $152,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Life Time Group by 62.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after buying an additional 4,330 shares in the last quarter. Assetmark Inc. raised its stake in shares of Life Time Group by 16.3% during the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock worth $185,000 after buying an additional 1,702 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Life Time Group in the third quarter valued at approximately $217,000. Finally, Arizona State Retirement System boosted its stake in shares of Life Time Group by 21.8% in the third quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock valued at $253,000 after buying an additional 2,982 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.