Life Time Group (LTH) Projected to Post Earnings on Thursday

Life Time Group (NYSE:LTH) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Life Time Group to post earnings of $0.21 per share and revenue of $658.97 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $31.00 on Tuesday. Life Time Group has a 12 month low of $11.89 and a 12 month high of $33.64. The firm has a market capitalization of $6.42 billion, a P/E ratio of 44.93, a P/E/G ratio of 0.81 and a beta of 1.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company’s fifty day moving average price is $27.01 and its 200 day moving average price is $25.14.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Mizuho boosted their target price on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Oppenheimer raised their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Craig Hallum upped their price target on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley increased their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and an average price target of $31.86.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock valued at $2,241,556 over the last quarter. Corporate insiders own 12.50% of the company’s stock.

About Life Time Group

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.