Life Time Group (NYSE:LTH) Price Target Raised to $25.00

Life Time Group (NYSE:LTH) had its price target upped by stock analysts at Wells Fargo & Company from $21.00 to $25.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential downside of 1.77% from the company’s previous close.

A number of other analysts have also recently commented on LTH. Bank of America lifted their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. The Goldman Sachs Group lifted their target price on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Craig Hallum initiated coverage on Life Time Group in a research report on Friday, July 19th. They set a “buy” rating and a $30.00 target price on the stock. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Northland Securities lifted their target price on Life Time Group from $27.00 to $28.50 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Life Time Group Stock Down 2.2 %

NYSE:LTH traded down $0.58 during midday trading on Wednesday, reaching $25.45. The company had a trading volume of 302,064 shares, compared to its average volume of 1,095,115. Life Time Group has a 12-month low of $11.10 and a 12-month high of $27.11. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 71.19, a PEG ratio of 3.20 and a beta of 1.87. The stock’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $19.61.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The company had revenue of $667.80 million for the quarter, compared to analysts’ expectations of $634.92 million. During the same period last year, the firm earned $0.08 earnings per share. Life Time Group’s quarterly revenue was up 18.9% on a year-over-year basis. On average, sell-side analysts anticipate that Life Time Group will post 0.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the sale, the insider now directly owns 5,929,348 shares in the company, valued at $123,804,786.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Life Time Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after purchasing an additional 78,290 shares during the period. Dimensional Fund Advisors LP boosted its position in Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after buying an additional 770,766 shares during the last quarter. Hood River Capital Management LLC boosted its position in Life Time Group by 44.0% in the 2nd quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after buying an additional 553,881 shares during the last quarter. Millennium Management LLC boosted its position in Life Time Group by 66.7% in the 2nd quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock valued at $20,268,000 after buying an additional 430,779 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in Life Time Group in the 4th quarter valued at about $14,544,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.