Life Time Group (NYSE:LTH) Coverage Initiated at Northland Securities

Investment analysts at Northland Securities initiated coverage on shares of Life Time Group (NYSE:LTH) in a report released on Tuesday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $23.00 price target on the stock. Northland Securities’ price objective suggests a potential upside of 57.00% from the stock’s previous close.

LTH has been the topic of several other research reports. Royal Bank of Canada lifted their price objective on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Mizuho cut their target price on Life Time Group from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Monday, March 4th. Finally, TheStreet upgraded Life Time Group from a “d+” rating to a “c-” rating in a research report on Tuesday, January 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.88.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $14.65 on Tuesday. Life Time Group has a 1-year low of $11.10 and a 1-year high of $22.41. The firm has a market capitalization of $2.88 billion, a PE ratio of 38.55 and a beta of 1.74. The business’s 50 day moving average is $14.15 and its 200-day moving average is $14.18. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.82.

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

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction on Wednesday, February 28th. The stock was 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 approximately $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of Life Time Group stock in a transaction on Wednesday, February 28th. The stock was 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 approximately $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares of the company’s stock, valued at approximately $2,742,700.81. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Moody National Bank Trust Division raised its position in shares of Life Time Group by 51.7% during the first quarter. Moody National Bank Trust Division now owns 102,167 shares of the company’s stock worth $1,586,000 after acquiring an additional 34,838 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Life Time Group by 35.2% during the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock worth $96,530,000 after acquiring an additional 1,665,006 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Life Time Group during the fourth quarter worth $14,544,000. Nebula Research & Development LLC bought a new stake in shares of Life Time Group during the fourth quarter worth $776,000. Finally, Bellevue Group AG bought a new stake in shares of Life Time Group during the fourth quarter worth $380,000. 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.