Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $33.86.

Several analysts have weighed in on LTH shares. Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target on the stock. Mizuho raised their target price on shares of Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Wednesday, March 5th. Oppenheimer increased their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Craig Hallum lifted their price objective on shares of Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group increased their target price on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd.

Insider Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 1,741 shares of the company's stock in a transaction that occurred 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 transaction, 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. Over the last 90 days, insiders sold 5,082,147 shares of company stock worth $152,891,556. 12.50% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Life Time Group

A number of institutional investors have recently bought and sold shares of LTH. California State Teachers Retirement System grew its holdings in shares of Life Time Group by 17.7% during the 4th quarter. California State Teachers Retirement System now owns 66,385 shares of the company's stock worth $1,468,000 after acquiring an additional 9,964 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Life Time Group in the fourth quarter worth $5,619,000. PharVision Advisers LLC bought a new position in Life Time Group in the fourth quarter worth $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Life Time Group by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company's stock worth $2,985,000 after purchasing an additional 34,727 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Life Time Group by 413.3% during the fourth quarter. Squarepoint Ops LLC now owns 210,391 shares of the company's stock valued at $4,654,000 after buying an additional 169,402 shares during the period. 79.40% of the stock is owned by institutional investors.

Life Time Group Price Performance

Shares of LTH traded down $0.33 during mid-day trading on Tuesday, reaching $30.64. 1,187,896 shares of the stock traded hands, compared to its average volume of 1,413,503. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The firm has a fifty day moving average price of $29.75 and a 200 day moving average price of $25.93.

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.