Life Time Group Holdings, Inc. (NYSE:LTH) Receives $31.77 Average PT from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has been given a consensus 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 rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.77.

Several analysts recently weighed in on LTH shares. Craig Hallum raised their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Guggenheim reiterated a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Morgan Stanley raised their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI initiated coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Oppenheimer boosted their target price on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd.

Life Time Group Stock Down 2.6 %

Shares of NYSE LTH opened at $28.98 on Monday. Life Time Group has a 12-month low of $11.89 and a 12-month high of $30.39. The stock has a market cap of $6.00 billion, a P/E ratio of 42.00, a PEG ratio of 0.73 and a beta of 1.89. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The business’s fifty day simple moving average is $24.55 and its 200-day simple moving average is $23.98.

Insider Activity

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total transaction of $204,300.00. Following the sale, the executive vice president now owns 136,220 shares of the company’s stock, valued at $4,086,600. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 248,406 shares of company stock valued at $6,317,748 in the last ninety days. 12.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently modified their holdings of the stock. Amalgamated Bank increased its position in Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the period. R Squared Ltd purchased a new position in Life Time Group in the fourth quarter worth $42,000. Farther Finance Advisors LLC lifted its holdings in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group during the 3rd quarter worth $60,000. Finally, Blue Trust Inc. grew its stake in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.