Life Time Group (NYSE:LTH) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum started coverage on shares of Life Time Group (NYSE:LTH) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Mizuho boosted their price target on shares of Life Time Group from $23.00 to $29.00 and gave the stock a buy rating in a research note on Monday, May 6th. Northland Securities started coverage on shares of Life Time Group in a research note on Tuesday, April 23rd. They set an outperform rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Life Time Group from $16.00 to $15.00 and set an equal weight rating on the stock in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Life Time Group has a consensus rating of Moderate Buy and an average price target of $21.57.

Life Time Group Trading Up 0.9 %

Shares of Life Time Group stock opened at $20.85 on Friday. Life Time Group has a 52-week low of $11.10 and a 52-week high of $21.83. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. The company’s 50-day simple moving average is $17.77 and its 200-day simple moving average is $15.37. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 3.71 and a beta of 1.86.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. Life Time Group had a net margin of 3.19% and a return on equity of 4.38%. The business had revenue of $596.72 million for the quarter, compared to analyst estimates of $588.57 million. As a group, equities research analysts anticipate that Life Time Group will post 0.46 earnings per share for the current year.

Insiders Place Their Bets

In other Life Time Group news, CEO Bahram Akradi purchased 39,000 shares of Life Time Group stock in a transaction on Friday, May 31st. The shares were bought at an average price of $16.76 per share, with a total value of $653,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,414,613 shares of the company’s stock, valued at $23,708,913.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP lifted its holdings in shares of Life Time Group by 1,443.3% in the first quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock valued at $1,148,000 after purchasing an additional 69,192 shares in the last quarter. Nebula Research & Development LLC purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $776,000. Trexquant Investment LP purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $741,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Life Time Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after buying an additional 5,995 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Life Time Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 4,736,200 shares of the company’s stock valued at $72,038,000 after buying an additional 48,885 shares during the period. 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.