Guggenheim Reiterates Buy Rating for Life Time Group (NYSE:LTH)

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

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Evercore ISI initiated 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 on the stock. Northland Securities upped their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday. Finally, Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.75.

Life Time Group Trading Up 6.1 %

Shares of NYSE LTH opened at $26.59 on Friday. The firm’s 50 day moving average price is $23.54 and its 200-day moving average price is $23.19. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market cap of $5.50 billion, a PE ratio of 38.54, a P/E/G ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same period last year, the company posted $0.09 earnings per share. The business’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts expect that Life Time Group will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Large investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in Life Time Group by 146.8% in the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after purchasing an additional 108,283 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after acquiring an additional 83,654 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Life Time Group during the 3rd quarter valued at $697,000. Franklin Resources Inc. bought a new position in Life Time Group in the 3rd quarter valued at $593,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.