Life Time Group (NYSE:LTH) Sees Unusually-High Trading Volume on Analyst Upgrade

Life Time Group Holdings, Inc. (NYSE:LTH) saw unusually-high trading volume on Friday after Guggenheim raised their price target on the stock from $32.00 to $36.00. Guggenheim currently has a buy rating on the stock. Approximately 1,980,845 shares traded hands during trading, an increase of 7% from the previous session’s volume of 1,856,148 shares.The stock last traded at $30.48 and had previously closed at $31.30.

A number of other research analysts also recently issued reports on LTH. Oppenheimer lifted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Northland Securities increased their price objective on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a 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 note on Monday, February 24th. Finally, Craig Hallum increased their price target on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and a consensus target price of $32.68.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’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 transaction, the executive vice president now owns 143,030 shares of the company’s stock, valued at $4,004,840. The trade was a 25.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 82,147 shares of company stock valued at $2,241,556. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda acquired a new position in shares of Life Time Group in the fourth quarter worth about $33,000. Farther Finance Advisors LLC increased its stake in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter worth about $42,000. Sterling Capital Management LLC boosted its position in Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. Finally, Quarry LP grew its holdings in Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after purchasing an additional 1,649 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Stock Down 2.7 %

The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 0.81 and a beta of 1.94. The business’s 50 day moving average is $27.69 and its 200-day moving average is $25.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

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.