Wells Fargo & Company Raises Life Time Group (NYSE:LTH) Price Target to $26.00

Life Time Group (NYSE:LTH) had its price target increased by Wells Fargo & Company from $25.00 to $26.00 in a report issued on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms also recently commented on LTH. Evercore ISI initiated coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Bank of America raised their target price on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Northland Securities lifted their target price on Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.89.

Life Time Group Trading Up 1.3 %

Shares of NYSE LTH opened at $23.42 on Tuesday. The company has a market cap of $4.85 billion, a PE ratio of 33.94, a P/E/G ratio of 1.49 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm’s 50 day moving average price is $24.17 and its 200-day moving average price is $22.52. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.11.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts expect that Life Time Group will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 5.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently made changes to their positions in the business. Amalgamated Bank raised its position in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of 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 purchasing an additional 906 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Life Time Group in the third quarter valued at approximately $60,000. Blue Trust Inc. grew its holdings in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Life Time Group by 268.2% in the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after acquiring an additional 3,650 shares during the last quarter. Institutional investors and hedge funds 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.