Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $33.86.

Several analysts have weighed in on LTH shares. Northland Securities lifted their price objective on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Craig Hallum lifted their price objective on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Guggenheim lifted their price objective on Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 28th.

Life Time Group Stock Performance

Life Time Group stock opened at $30.64 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 1-year low of $12.34 and a 1-year high of $33.64. The firm has a 50-day moving average of $29.89 and a 200-day moving average of $26.00. The firm has a market cap of $6.42 billion, a P/E ratio of 44.40, a P/E/G ratio of 0.81 and a beta of 1.93.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. The trade was a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock worth $152,891,556 in the last three months. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently added to or reduced their stakes in LTH. Royce & Associates LP purchased a new stake in Life Time Group during the 3rd quarter valued at $2,002,000. Natixis Advisors LLC purchased a new stake in Life Time Group during the 3rd quarter valued at $839,000. Braun Stacey Associates Inc. raised its stake in Life Time Group by 113.7% during the 3rd quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company’s stock valued at $20,752,000 after buying an additional 452,197 shares during the last quarter. Jennison Associates LLC purchased a new stake in Life Time Group during the 3rd quarter valued at $986,000. Finally, Intech Investment Management LLC purchased a new stake in Life Time Group during the 3rd quarter valued at $357,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.