Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $27.89

Shares of Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.89.

Several equities analysts have recently commented on LTH shares. Morgan Stanley upped their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target for the company. Northland Securities upped their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of Life Time Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 17th. Finally, Bank of America boosted their price target on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 6th.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Erik Weaver sold 4,662 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. This trade represents a 5.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company's stock worth $38,000 after buying an additional 563 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Life Time Group during the 3rd quarter valued at about $60,000. Blue Trust Inc. lifted its holdings in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $72,000 after acquiring an additional 2,280 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company's stock valued at $122,000 after buying an additional 3,650 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Trading Up 1.2 %

Shares of NYSE LTH traded up $0.27 on Thursday, reaching $22.39. 1,468,957 shares of the company traded hands, compared to its average volume of 1,112,276. The stock has a market capitalization of $4.63 billion, a PE ratio of 32.45, a P/E/G ratio of 1.46 and a beta of 1.88. 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 company has a 50 day moving average of $23.40 and a 200 day moving average of $22.83. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (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 analysts' expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 earnings per share. On average, equities research analysts forecast that Life Time Group will post 0.56 earnings per share for the current fiscal year.

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.