Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Mizuho Analyst Says

Life Time Group (NYSE:LTH) had its target price boosted by investment analysts at Mizuho from $41.00 to $44.00 in a research note issued to investors on Thursday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 38.16% from the company’s current price.

A number of other analysts have also commented on LTH. Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. Wells Fargo & Company upped their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley raised their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $40.40.

Life Time Group Trading Down 1.1%

Shares of LTH stock opened at $31.85 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.53. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.33 and a beta of 1.50. Life Time Group has a 52-week low of $24.14 and a 52-week high of $33.95. The company has a 50-day simple moving average of $27.15 and a two-hundred day simple moving average of $27.11.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter last year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts anticipate that Life Time Group will post 1.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Eric J. Buss sold 192,217 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $32.02, for a total value of $6,154,788.34. Following the completion of the transaction, the executive vice president owned 474,008 shares in the company, valued at $15,177,736.16. This trade represents a 28.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John G. Danhakl sold 2,493,083 shares of Life Time Group stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $28.60, for a total transaction of $71,302,173.80. Following the completion of the transaction, the director owned 22,412,978 shares of the company’s stock, valued at $641,011,170.80. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,845,093 shares of company stock valued at $168,134,812 in the last quarter. 13.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC grew its position in shares of Life Time Group by 4.0% in the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after purchasing an additional 420 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after purchasing an additional 516 shares in the last quarter. Strs Ohio boosted its stake in Life Time Group by 10.0% in the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after purchasing an additional 600 shares during the period. SBI Securities Co. Ltd. boosted its stake in Life Time Group by 19.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after purchasing an additional 693 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Life Time Group by 13.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after buying an additional 717 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

More Life Time Group News

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

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Life Time Group Company Profile

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.