Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Guggenheim Analyst Says

Life Time Group (NYSE:LTH) had its target price lifted by Guggenheim from $32.00 to $36.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently issued reports on LTH. Northland Securities boosted their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Oppenheimer upped their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Wells Fargo & Company upped their target price on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, Mizuho upped their target price on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.68.

Life Time Group Trading Down 2.7 %

Shares of LTH stock opened at $30.44 on Friday. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. The firm has a fifty day moving average price of $27.69 and a 200-day moving average price of $25.33. 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 has a market cap of $6.30 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 0.81 and a beta of 1.94.

Insider Activity

In related news, CFO Erik Weaver sold 1,741 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,147 shares of company stock worth $2,241,556. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dnca Finance raised its position in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after purchasing an additional 407 shares during the period. Summit Investment Advisors Inc. raised its position in Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after purchasing an additional 712 shares during the period. Bank of New York Mellon Corp raised its position in Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock worth $4,865,000 after purchasing an additional 788 shares during the period. Farther Finance Advisors LLC raised its position in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares during the period. Finally, Moody National Bank Trust Division raised its position in Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after purchasing an additional 911 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Company Profile

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.