Life Time Group (NYSE:LTH) Price Target Raised to $36.00 at Guggenheim

Life Time Group (NYSE:LTHGet Free Report) had its price target lifted by Guggenheim from $32.00 to $36.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective would indicate a potential upside of 17.22% from the stock’s current price.

A number of other analysts also recently issued reports on LTH. Mizuho boosted their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, January 24th. 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. Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Craig Hallum upped their target price on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley raised their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.68.

Read Our Latest Report on LTH

Life Time Group Stock Performance

LTH stock traded down $0.59 during mid-day trading on Friday, hitting $30.71. 3,945,804 shares of the company were exchanged, compared to its average volume of 1,931,915. Life Time Group has a 1-year low of $12.34 and a 1-year high of $33.64. The stock has a market capitalization of $6.36 billion, a PE ratio of 44.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94. The business has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $25.27. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,147 shares of company stock valued at $2,241,556 over the last ninety days. 12.50% of the stock is owned by corporate insiders.

Institutional Trading of Life Time Group

A number of institutional investors and hedge funds have recently bought and sold shares of LTH. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Life Time Group in the 4th quarter valued at about $5,619,000. PharVision Advisers LLC acquired a new position in shares of Life Time Group in the fourth quarter worth approximately $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Life Time Group by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock worth $2,985,000 after acquiring an additional 34,727 shares during the period. Squarepoint Ops LLC boosted its holdings in Life Time Group by 413.3% in the fourth quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after acquiring an additional 169,402 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in Life Time Group during the 4th quarter valued at approximately $1,478,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

(Get Free Report)

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.

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Analyst Recommendations for Life Time Group (NYSE:LTH)

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