Life Time Group (NYSE:LTH) Announces Earnings Results, Beats Estimates By $0.08 EPS

Life Time Group (NYSE:LTHGet Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.34 by $0.08, FiscalAI reports. The business had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. Life Time Group’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share.

Life Time Group Price Performance

Shares of NYSE LTH opened at $26.20 on Tuesday. The firm has a market cap of $5.81 billion, a P/E ratio of 15.78, a PEG ratio of 1.13 and a beta of 1.50. Life Time Group has a twelve month low of $24.14 and a twelve month high of $34.99. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $26.94 and a 200 day moving average of $26.98.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 1,329 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total transaction of $34,195.17. Following the transaction, the chief financial officer directly owned 136,166 shares of the company’s stock, valued at $3,503,551.18. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 11,060 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $26.46, for a total value of $292,647.60. Following the sale, the executive vice president directly owned 315,175 shares in the company, valued at $8,339,530.50. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.30% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Institutional investors have recently made changes to their positions in the stock. Wexford Capital LP purchased a new position in shares of Life Time Group during the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 201.6% during the 2nd 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 during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Life Time Group during the 4th quarter valued at $73,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of 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 during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Life Time Group in the 4th quarter worth $221,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LTH shares. UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. Guggenheim reiterated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Jefferies Financial Group began coverage on Life Time Group in a research note on Tuesday, March 10th. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Finally, KeyCorp assumed coverage on Life Time Group in a research report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $40.13.

Check Out Our Latest Stock Analysis on Life Time Group

Life Time Group Company Profile

(Get Free Report)

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.

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Earnings History for Life Time Group (NYSE:LTH)

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