Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Life Time Group (NYSE:LTH) had its target price hoisted by Wells Fargo & Company from $26.00 to $28.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 5.29% from the company’s current price.

Several other analysts have also weighed in on LTH. Northland Securities lifted their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday. Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Finally, Morgan Stanley boosted their price target on 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.75.

Life Time Group Trading Up 6.1 %

Life Time Group stock opened at $26.59 on Friday. The business has a 50 day moving average price of $23.54 and a two-hundred day moving average price of $23.19. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.26. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts forecast that Life Time Group will post 0.56 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of Life Time Group by 32.7% during the second quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock worth $1,745,000 after acquiring an additional 22,836 shares during the last quarter. American Century Companies Inc. increased its position in Life Time Group by 402.6% in the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after purchasing an additional 83,654 shares during the period. Dimensional Fund Advisors LP increased its position in Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after purchasing an additional 770,766 shares during the period. Amalgamated Bank raised its holdings in Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the last quarter. Finally, Blair William & Co. IL acquired a new position in Life Time Group during the 2nd quarter valued at about $905,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.