Life Time Group (NYSE:LTH) Shares Down 3.5%

Life Time Group Holdings, Inc. (NYSE:LTH – Get Rating) shares were down 3.5% on Tuesday . The company traded as low as $14.29 and last traded at $14.43. Approximately 11,184 shares traded hands during trading, a decline of 98% from the average daily volume of 481,092 shares. The stock had previously closed at $14.96.

A number of equities analysts recently weighed in on LTH shares. Mizuho lowered their price target on shares of Life Time Group from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, March 14th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Life Time Group from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. Royal Bank of Canada decreased their target price on shares of Life Time Group from $21.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, March 11th. Zacks Investment Research upgraded shares of Life Time Group from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a report on Thursday, May 12th. Finally, Morgan Stanley decreased their target price on shares of Life Time Group from $21.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, March 11th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $18.80.

The firm’s fifty day moving average price is $14.14 and its 200 day moving average price is $16.32. The company has a quick ratio of 0.24, a current ratio of 0.35 and a debt-to-equity ratio of 0.87.

Life Time Group (NYSE:LTH – Get Rating) last issued its quarterly earnings data on Thursday, March 10th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.22) by $0.04. The company had revenue of $360.50 million during the quarter, compared to analyst estimates of $356.93 million. The business’s quarterly revenue was up 57.8% on a year-over-year basis. Research analysts anticipate that Life Time Group Holdings, Inc. will post -0.26 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in LTH. Strs Ohio purchased a new stake in Life Time Group during the 4th quarter worth approximately $154,000. Hancock Whitney Corp purchased a new stake in shares of Life Time Group in the 4th quarter valued at approximately $257,000. Dupont Capital Management Corp purchased a new stake in shares of Life Time Group in the 4th quarter valued at approximately $396,000. New York State Common Retirement Fund purchased a new stake in shares of Life Time Group in the 4th quarter valued at approximately $1,551,000. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Life Time Group in the 4th quarter valued at approximately $46,000. 73.38% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Company Profile (NYSE:LTH)

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 sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.

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