Life Time Group (NYSE:LTH) Price Target Raised to $45.00 at Craig Hallum

Life Time Group (NYSE:LTH) had its price target upped by Craig Hallum from $40.00 to $45.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

LTH has been the topic of a number of other research reports. Oppenheimer boosted their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Guggenheim restated a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Wells Fargo & Company boosted their target price on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Morgan Stanley boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, Northland Securities boosted their target price on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.68.

Life Time Group Price Performance

Life Time Group stock opened at $30.44 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market cap of $6.30 billion, a P/E ratio of 44.12, a P/E/G ratio of 0.81 and a beta of 1.94. The business’s fifty day moving average is $27.69 and its two-hundred day moving average is $25.33. Life Time Group has a 52 week low of $12.34 and a 52 week high of $33.64.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,147 shares of company stock worth $2,241,556. 12.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently modified their holdings of LTH. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group in the fourth quarter worth about $33,000. R Squared Ltd bought a new stake in shares of Life Time Group in the fourth quarter worth about $42,000. Farther Finance Advisors LLC increased its holdings in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after acquiring an additional 1,649 shares in the last quarter. 79.40% of the stock is currently 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.