RBC Capital Remains a Buy on Life Time Group Holdings (LTH)
RBC Capital analyst Logan Reich maintained a Buy rating on Life Time Group Holdings yesterday and set a price target of $38.00.
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According to TipRanks, Reich is an analyst with an average return of -19.4% and a 22.83% success rate. Reich covers the Consumer Cyclical sector, focusing on stocks such as Restaurant Brands International, Chipotle, and Wendy’s.
In addition to RBC Capital, Life Time Group Holdings also received a Buy from Bank of America Securities’s Alexander Perry in a report issued today. However, on the same day, TR | OpenAI – 4o reiterated a Hold rating on Life Time Group Holdings (NYSE: LTH).
Based on Life Time Group Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $782.65 million and a net profit of $102.43 million. In comparison, last year the company earned a revenue of $693.23 million and had a net profit of $41.36 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LTH in relation to earlier this year. Last month, Erik Weaver, the EVP & CFO of LTH sold 4,846.00 shares for a total of $121,586.14.
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