Life Time Group Holdings, Inc. (NYSE:LTH) Receives $33.86 Consensus Target Price from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.86.

Several research analysts recently issued reports on LTH shares. Guggenheim increased their price objective on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company increased their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Northland Securities increased their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Oppenheimer increased their price objective 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 0.0 %

Shares of NYSE:LTH opened at $30.96 on Tuesday. Life Time Group has a 52-week low of $12.34 and a 52-week high of $33.64. The stock has a market cap of $6.49 billion, a P/E ratio of 44.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The business’s 50 day moving average is $29.75 and its 200 day moving average is $25.93. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction on Tuesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,082,147 shares of company stock valued at $152,891,556. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kapitalo Investimentos Ltda purchased a new stake in shares of Life Time Group during the 4th quarter valued at $33,000. R Squared Ltd purchased a new position in Life Time Group in the 4th quarter worth $42,000. Sterling Capital Management LLC raised its stake in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after acquiring an additional 1,821 shares during the last quarter. Quarry LP raised its stake in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after acquiring an additional 1,649 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Life Time Group in the 3rd quarter worth $60,000. Hedge funds and other 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.