Life Time Group (NYSE:LTH) Given New $28.50 Price Target at Northland Securities

Life Time Group (NYSE:LTH) had its target price boosted by Northland Securities from $27.00 to $28.50 in a report published on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company increased their price target on Life Time Group from $15.00 to $20.00 and gave the company an equal weight rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on Life Time Group from $15.00 to $22.00 and gave the company a neutral rating in a research report on Friday. Craig Hallum began coverage on Life Time Group in a research note on Friday, July 19th. They issued a buy rating and a $30.00 price target for the company. Finally, Mizuho lifted their target price on Life Time Group from $23.00 to $29.00 and gave the stock a buy rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $24.93.

Life Time Group Stock Up 1.5 %

LTH traded up $0.33 during trading on Friday, reaching $22.35. 3,601,766 shares of the stock were exchanged, compared to its average volume of 1,080,624. The stock has a market cap of $4.44 billion, a P/E ratio of 62.08, a price-to-earnings-growth ratio of 3.92 and a beta of 1.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43. The stock’s 50 day moving average price is $18.86 and its two-hundred day moving average price is $15.82. Life Time Group has a twelve month low of $11.10 and a twelve month high of $23.89.

Life Time Group (NYSE:LTH) last issued its earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $596.72 million for the quarter, compared to analysts’ expectations of $588.57 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.43%. Equities analysts expect that Life Time Group will post 0.46 EPS for the current year.

Insider Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi acquired 39,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average cost of $16.76 per share, for a total transaction of $653,640.00. Following the transaction, the chief executive officer now directly owns 1,414,613 shares in the company, valued at $23,708,913.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP boosted its position in Life Time Group by 1,443.3% during the 1st quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock worth $1,148,000 after buying an additional 69,192 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of Life Time Group in the fourth quarter valued at about $776,000. Trexquant Investment LP bought a new position in shares of Life Time Group during the fourth quarter worth about $741,000. Charles Schwab Investment Management Inc. boosted its holdings in Life Time Group by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after acquiring an additional 5,995 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Life Time Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,736,200 shares of the company’s stock worth $72,038,000 after purchasing an additional 48,885 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.