Life Time Group (NYSE:LTH) Price Target Raised to $25.00

Life Time Group (NYSE:LTH) had its target price lifted by Wells Fargo & Company from $21.00 to $25.00 in a research report sent to investors on Wednesday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on the company. Bank of America lifted their target price on Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Northland Securities raised their price target on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group upped their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley increased their target price on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Craig Hallum initiated coverage on shares of Life Time Group in a report on Friday, July 19th. They issued a “buy” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.56.

Life Time Group Stock Performance

Shares of LTH opened at $25.60 on Wednesday. The firm has a fifty day moving average of $24.20 and a 200-day moving average of $19.66. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 71.11, a price-to-earnings-growth ratio of 3.20 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. Life Time Group has a 1 year low of $11.10 and a 1 year high of $27.11.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The firm had revenue of $667.80 million during the quarter, compared to analyst estimates of $634.92 million. During the same period in the previous year, the business posted $0.08 EPS. Life Time Group’s revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that Life Time Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the sale, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now owns 55,166,700 shares of the company’s stock, valued at $1,151,880,696. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of hedge funds have recently bought and sold shares of LTH. Amalgamated Bank increased its position in shares of Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares in the last quarter. Dnca Finance purchased a new position in Life Time Group during the 2nd quarter worth approximately $72,000. SG Americas Securities LLC acquired a new stake in Life Time Group during the 2nd quarter valued at $141,000. Hsbc Holdings PLC purchased a new stake in shares of Life Time Group in the second quarter valued at $192,000. Finally, Entropy Technologies LP purchased a new stake in shares of Life Time Group in the first quarter valued at $198,000. 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.