Life Time Group (NYSE:LTH) Raised to “Strong-Buy” at The Goldman Sachs Group

Life Time Group (NYSE:LTH) was upgraded by research analysts at The Goldman Sachs Group to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. KeyCorp lifted their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Royal Bank Of Canada raised their target price on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating and set a $51.00 target price on shares of Life Time Group in a report on Friday. Finally, Jefferies Financial Group upped their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to MarketBeat, Life Time Group currently has an average rating of “Buy” and a consensus target price of $53.77.

Life Time Group Stock Performance

LTH opened at $44.86 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group has a 12-month low of $24.14 and a 12-month high of $47.24. The business has a 50 day moving average of $38.93 and a 200-day moving average of $32.18. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.66 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. During the same period in the previous year, the firm earned $0.37 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts expect that Life Time Group will post 1.53 earnings per share for the current year.

Insider Transactions at Life Time Group

In other news, EVP Eric J. Buss sold 479,240 shares of Life Time Group stock in a transaction on Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the completion of the sale, the executive vice president owned 474,008 shares of the company’s stock, valued at approximately $21,316,139.76. This trade represents a 50.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bahram Akradi sold 438,257 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the sale, the chief executive officer directly owned 3,615,086 shares of the company’s stock, valued at approximately $162,787,322.58. The trade was a 10.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 23,403,822 shares of company stock worth $744,190,623. 13.30% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wexford Capital LP acquired a new position in shares of Life Time Group during the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC raised its position in shares of Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the fourth quarter valued at approximately $73,000. Versant Capital Management Inc boosted its stake in shares of Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after buying an additional 1,339 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Life Time Group by 74.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after buying an additional 1,225 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Trending Headlines about Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Management raised its earnings outlook following the second-quarter earnings call, citing rapid growth. The company’s latest quarter also exceeded expectations, with earnings of $0.48 per share versus the $0.37 consensus estimate and revenue growth of 13.7% year over year. Life Time Group Lifts Earnings Outlook Amid Rapid Growth
• Positive Sentiment: Several analysts raised their price targets for LTH to $64, $52 and $51, indicating continued confidence in the premium health-club operator’s growth prospects and suggesting upside from recent trading levels. Life Time Group Price Target Raised to $64 Life Time Group Price Target Raised to $52 Life Time Group Price Target Raised to $51
• Positive Sentiment: Life Time is being highlighted as a beneficiary of the broader wellness boom, as consumers continue to spend on premium fitness clubs and health-related services. Best Health and Fitness Stocks for Investors Amid Wellness Boom
• Negative Sentiment: Multiple senior executives disclosed sizable insider sales completed July 31. CEO Bahram Akradi sold about $19.7 million of shares, EVP Eric Buss sold $21.6 million, EVP Parham Javaheri sold $2.8 million and CFO Erik Weaver sold $2.1 million. The transactions reduced their holdings by roughly 11% to 50% and could weigh on investor sentiment, although all retained shares. SEC insider trading filing

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.