Life Time Group Holdings, Inc. (NYSE:LTH) Receives $31.77 Consensus Price Target from Analysts

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $31.86.

LTH has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the stock 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 company an “outperform” rating in a research note on Thursday, January 23rd. Mizuho raised their target price on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Craig Hallum raised their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI started coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company.

Life Time Group Trading Down 1.3 %

Life Time Group stock opened at $31.21 on Friday. The firm has a 50-day moving average of $27.53 and a 200-day moving average of $25.27. Life Time Group has a one year low of $12.34 and a one year high of $33.64. 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 $6.46 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 0.81 and a beta of 1.94.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the transaction, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. This trade represents a 25.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. This 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 in the last three months. 12.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. PharVision Advisers LLC bought a new position in shares of Life Time Group during the fourth quarter worth approximately $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Life Time Group by 34.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock worth $2,985,000 after purchasing an additional 34,727 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Life Time Group by 413.3% during the fourth quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock worth $4,654,000 after purchasing an additional 169,402 shares during the period. Two Sigma Advisers LP bought a new position in shares of Life Time Group during the fourth quarter worth approximately $1,478,000. Finally, Two Sigma Investments LP increased its stake in Life Time Group by 107.7% in the fourth quarter. Two Sigma Investments LP now owns 103,826 shares of the company’s stock valued at $2,297,000 after acquiring an additional 53,830 shares during the last quarter. 79.40% of the stock is owned by 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.