U.S. Markets closed

Weakness Seen in Life Time Fitness (LTM): Stock Tumbles 14.2%

Zacks Equity Research

Life Time Fitness Inc. (LTM) saw a big move last session, as the company’s shares fell over 14% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for LTM, as the stock is now down nearly 3% in the past one-month time frame.

The company which operates distinctive and large sports, athletic, fitness and family recreation centres has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with flat revision, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

LTM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Dover Motorsports Inc. (DVD), Regal Entertainment Group (RGC) and Royal Caribbean Cruises Ltd. (RCL). All these carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

LIFE TIME FITNESS INC (LTM): Free Stock Analysis Report

DOVER MOTORSPORTS INC (DVD): Free Stock Analysis Report

REGAL ENTMT GROUP (RGC): Free Stock Analysis Report


Zacks Investment Research