Life Time Group Holdings, Inc. (NYSE:LTH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.62.

LTH has been the topic of several research analyst reports. Craig Hallum boosted their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on Life Time Group and gave the company a “buy” rating in a research note on Monday, March 3rd. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a “hold” rating in a research report on Thursday, February 27th. Royal Bank of Canada set a $35.00 price target on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price objective on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd.

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the completion of the sale, the chief executive officer now owns 2,993,849 shares in the company, valued at approximately $90,204,670.37. This trade represents a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total value of $204,300.00. Following the transaction, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at $4,086,600. The trade was a 4.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,057,147 shares of company stock worth $152,266,556. 8.70% of the stock is owned by company insiders.

Institutional Trading of Life Time Group

A number of institutional investors have recently made changes to their positions in LTH. FMR LLC increased its position in Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after buying an additional 3,650 shares in the last quarter. State Street Corp grew its stake in shares of Life Time Group by 14.1% in the 3rd quarter. State Street Corp now owns 1,421,790 shares of the company’s stock worth $34,720,000 after buying an additional 176,154 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Life Time Group by 146.8% during the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after purchasing an additional 108,283 shares during the period. Barclays PLC lifted its holdings in Life Time Group by 119.0% during the 3rd quarter. Barclays PLC now owns 248,698 shares of the company’s stock valued at $6,073,000 after buying an additional 135,116 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Life Time Group by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock valued at $36,585,000 after purchasing an additional 152,504 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $31.23 on Friday. The company has a market capitalization of $6.68 billion, a PE ratio of 45.26, a PEG ratio of 0.81 and a beta of 1.87. 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 stock’s 50 day moving average price is $30.70 and its 200-day moving average price is $26.82. Life Time Group has a twelve month low of $12.34 and a twelve month high of $33.64.

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.