Life Time Group (NYSE:LTH) Given Buy Rating at Guggenheim

Life Time Group (NYSE:LTH)‘s stock had its “buy” rating reissued by research analysts at Guggenheim in a report issued on Friday,Benzinga reports. They presently have a $32.00 price objective on the stock, up from their prior price objective of $29.00. Guggenheim’s target price would indicate a potential upside of 20.34% from the company’s current price.

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

Life Time Group Price Performance

Shares of NYSE:LTH opened at $26.59 on Friday. The company has a 50 day moving average of $23.54 and a 200 day moving average of $23.19. 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 stock has a market cap of $5.50 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.02 and a beta of 1.89. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.26.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $684.13 million. During the same quarter last year, the firm earned $0.09 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, sell-side analysts forecast that Life Time Group will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value 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. This represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the period. Amalgamated Bank grew its holdings in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Life Time Group during the third quarter valued at approximately $60,000. Blue Trust Inc. lifted its holdings in shares of Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after buying an additional 3,650 shares during the last quarter. 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.