Wells Fargo & Company Cuts Life Time Group (NYSE:LTH) Price Target to $15.00

Life Time Group (NYSE:LTH) had its price objective trimmed by Wells Fargo & Company from $16.00 to $15.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also issued reports on LTH. Royal Bank of Canada upped their price target on shares of Life Time Group from $18.00 to $20.00 and gave the company an outperform rating in a research report on Thursday, February 29th. TheStreet upgraded Life Time Group from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Northland Securities assumed coverage on shares of Life Time Group in a report on Tuesday, April 23rd. They issued an outperform rating and a $23.00 target price on the stock. Finally, Mizuho dropped their price target on shares of Life Time Group from $26.00 to $23.00 and set a buy rating for the company in a research report on Monday, March 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $19.71.

Life Time Group Stock Performance

Shares of LTH opened at $14.15 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average price of $14.31 and a 200-day moving average price of $14.13. The company has a market cap of $2.78 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 8.74 and a beta of 1.76. Life Time Group has a 12-month low of $11.10 and a 12-month high of $22.41.

Life Time Group (NYSE:LTH) last issued its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.10. Life Time Group had a return on equity of 4.42% and a net margin of 3.19%. The business had revenue of $558.80 million during the quarter, compared to analyst estimates of $555.51 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. Life Time Group’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Life Time Group will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total transaction of $67,285.13. Following the completion of the transaction, the chief financial officer now owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the completion of the sale, the chief financial officer now owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the transaction, the executive vice president now owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The disclosure for this sale can be found here. 12.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Life Time Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new position in Life Time Group during the third quarter valued at $27,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Life Time Group by 62.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after buying an additional 4,330 shares in the last quarter. Assetmark Inc. boosted its stake in Life Time Group by 16.3% during the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after buying an additional 1,702 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Life Time Group during the 4th quarter valued at approximately $213,000. Finally, Victory Capital Management Inc. bought a new stake in Life Time Group in the 3rd quarter worth approximately $217,000. Institutional investors 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.