Life Time Group (NYSE:LTH) Price Target Raised to $38.00

Life Time Group (NYSE:LTH) had its target price lifted by Mizuho from $32.00 to $38.00 in a research note published on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other research firms also recently commented on LTH. Guggenheim reiterated a “buy” rating and issued a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target for the company. Morgan Stanley increased their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Oppenheimer boosted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their target price on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $31.77.

Life Time Group Stock Up 0.3 %

Shares of NYSE LTH opened at $28.68 on Friday. 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 firm has a market capitalization of $5.93 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.89. The firm’s 50-day moving average is $24.05 and its 200-day moving average is $23.64. Life Time Group has a 1 year low of $11.89 and a 1 year high of $28.92.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Equities analysts expect that Life Time Group will post 0.74 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s 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 of the company’s stock, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,596 shares of company stock worth $6,113,448 over the last ninety days. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LTH. Principal Financial Group Inc. grew its stake in Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares during the period. JPMorgan Chase & Co. raised its position in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after acquiring an additional 356,255 shares during the period. Loomis Sayles & Co. L P boosted its stake in Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock valued at $74,487,000 after acquiring an additional 758,757 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Life Time Group by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock valued at $36,585,000 after acquiring an additional 152,504 shares during the period. Finally, State Street Corp increased its stake in shares of Life Time Group by 14.1% during the 3rd quarter. State Street Corp now owns 1,421,790 shares of the company’s stock worth $34,720,000 after purchasing an additional 176,154 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.