Life Time Group Holdings, Inc. (NYSE:LTH) Receives $31.77 Consensus Price Target from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $31.86.

Several equities research analysts recently commented on the company. Northland Securities boosted their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday, January 17th. Wells Fargo & Company boosted their price target on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Mizuho boosted their price target on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Guggenheim reaffirmed 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. Finally, Morgan Stanley upped 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.

Insider Transactions at Life Time Group

In related news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold a total of 82,147 shares of company stock worth $2,241,556 over the last three months. 12.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Life Time Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company’s stock valued at $114,809,000 after purchasing an additional 147,295 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Life Time Group by 1.3% in the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company’s stock valued at $75,781,000 after purchasing an additional 375,672 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its stake in shares of Life Time Group by 5.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company’s stock valued at $65,379,000 after purchasing an additional 145,002 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Trading Down 0.3 %

Shares of NYSE LTH opened at $30.90 on Friday. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 0.81 and a beta of 1.94. The business has a 50 day simple moving average of $27.16 and a 200 day simple moving average of $25.18. Life Time Group has a 52 week low of $11.89 and a 52 week high of $33.64. 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.