Life Time Group Holdings, Inc. (NYSE:LTH) Receives $31.77 Consensus Target Price from Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.77.

Several equities analysts have weighed in on the company. Northland Securities increased their target price 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. Oppenheimer increased their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Craig Hallum lifted their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Finally, Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock.

Insider Activity at Life Time Group

In related news, EVP Parham Javaheri sold 168,000 shares of Life Time Group 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. This trade represents a 40.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 248,406 shares of company stock valued at $6,317,748. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its stake in shares of Life Time Group by 20.2% during the 4th quarter. New York State Common Retirement Fund now owns 436,022 shares of the company’s stock worth $9,645,000 after buying an additional 73,371 shares during the last quarter. Braun Stacey Associates Inc. raised its holdings in Life Time Group by 2.0% during the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock worth $19,181,000 after acquiring an additional 17,340 shares in the last quarter. Truist Financial Corp acquired a new position in Life Time Group during the fourth quarter valued at approximately $507,000. Nkcfo LLC bought a new position in Life Time Group in the fourth quarter valued at approximately $664,000. Finally, Principal Securities Inc. acquired a new position in shares of Life Time Group during the 4th quarter worth approximately $98,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

LTH stock opened at $28.98 on Monday. Life Time Group has a twelve month low of $11.89 and a twelve month high of $30.39. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market cap of $6.00 billion, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.89. The business’s fifty day moving average is $24.46 and its 200-day moving average is $23.89.

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.