Life Time Group Holdings, Inc. (NYSE:LTH) Receives $35.62 Average PT from Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have earned an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $35.62.

LTH has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the stock a "hold" rating in a report on Friday, March 14th. Morgan Stanley raised their target price on Life Time Group from $29.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Finally, Bank of America set a $40.00 price target on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd.

Life Time Group Stock Performance

NYSE LTH traded down $0.21 during trading hours on Friday, hitting $31.03. The company had a trading volume of 164,588 shares, compared to its average volume of 1,562,116. Life Time Group has a fifty-two week low of $12.34 and a fifty-two week high of $33.64. The firm has a market cap of $6.64 billion, a P/E ratio of 44.99, a price-to-earnings-growth ratio of 0.81 and a beta of 1.87. 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 business has a fifty day simple moving average of $30.70 and a 200-day simple moving average of $26.82.

Insider Activity

In other news, CFO Erik Weaver sold 1,741 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the sale, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the company's stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares of the company's stock, valued at approximately $4,086,600. This represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,057,147 shares of company stock worth $152,266,556. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new position in shares of Life Time Group in the fourth quarter worth approximately $33,000. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter worth approximately $42,000. Sterling Capital Management LLC grew its position in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. Quarry LP grew its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock worth $52,000 after purchasing an additional 1,649 shares in the last quarter. Finally, Dnca Finance raised its stake in Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after purchasing an additional 407 shares during the period. 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.