Morgan Stanley Issues Pessimistic Forecast for Life Time Group (NYSE:LTH) Stock Price

Life Time Group (NYSE:LTH) had its price target dropped by investment analysts at Morgan Stanley from $39.00 to $37.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 45.27% from the company’s current price.

Several other equities research analysts also recently issued reports on LTH. Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. Finally, UBS Group set a $48.00 price target on Life Time Group in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Life Time Group Stock Performance

Life Time Group stock opened at $25.47 on Wednesday. The firm has a market capitalization of $5.62 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 0.84 and a beta of 1.68. Life Time Group has a one year low of $21.49 and a one year high of $34.99. The stock’s 50 day moving average price is $26.68 and its 200 day moving average price is $28.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The company had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John G. Danhakl sold 4,991,976 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.95, for a total value of $144,517,705.20. Following the completion of the sale, the director directly owned 24,906,061 shares of the company’s stock, valued at $721,030,465.95. The trade was a 16.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 9,375 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $28.05, for a total value of $262,968.75. Following the sale, the executive vice president owned 240,151 shares in the company, valued at $6,736,235.55. The trade was a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 10,743,880 shares of company stock worth $311,008,231. Company insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Institutional investors have recently made changes to their positions in the company. Moody National Bank Trust Division grew its position in Life Time Group by 12.1% in the 2nd quarter. Moody National Bank Trust Division now owns 112,501 shares of the company’s stock worth $3,412,000 after purchasing an additional 12,178 shares during the last quarter. Integrity Alliance LLC. bought a new stake in shares of Life Time Group during the first quarter valued at approximately $305,000. Bank of New York Mellon Corp boosted its position in shares of Life Time Group by 41.5% during the first quarter. Bank of New York Mellon Corp now owns 311,226 shares of the company’s stock worth $9,399,000 after buying an additional 91,311 shares during the period. Millennium Management LLC grew its holdings in Life Time Group by 65.7% in the 1st quarter. Millennium Management LLC now owns 2,038,781 shares of the company’s stock worth $61,571,000 after buying an additional 808,715 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new stake in Life Time Group in the 2nd quarter valued at approximately $1,019,000. 79.40% of the stock is currently owned by institutional investors.

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.