Life Time Group (NYSE:LTH) Given New $38.00 Price Target at Mizuho

Life Time Group (NYSE:LTH) had its target price increased by analysts at Mizuho from $32.00 to $38.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 32.89% from the company’s current price.

LTH has been the topic of a number of other research reports. Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Craig Hallum lifted 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 report on Wednesday. Northland Securities upped their price target on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Guggenheim reissued a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.77.

Life Time Group Trading Up 0.5 %

LTH stock opened at $28.60 on Friday. Life Time Group has a 52-week low of $11.89 and a 52-week high of $28.92. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a market cap of $5.92 billion, a P/E ratio of 41.44, a PEG ratio of 0.71 and a beta of 1.89. The company’s 50-day simple moving average is $23.85 and its 200-day simple moving average is $23.50.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, equities analysts forecast that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. The trade was a 11.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 241,596 shares of company stock worth $6,113,448 in the last three months. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in shares of Life Time Group in the 4th quarter valued at $42,000. Park Avenue Securities LLC purchased a new stake in Life Time Group in the 4th quarter valued at about $542,000. Moody National Bank Trust Division lifted its position in Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after buying an additional 911 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after buying an additional 356,255 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock worth $89,045,000 after purchasing an additional 46,710 shares during the period. 79.40% of the stock is currently 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.