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

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.77.

Several equities analysts have recently issued reports on LTH shares. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an "outperform" rating and a $29.00 target price on the stock. Craig Hallum increased 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. Mizuho raised their target price on shares of Life Time Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Oppenheimer increased 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, January 23rd. Finally, Wells Fargo & Company raised their price objective on Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, January 17th.

Life Time Group Price Performance

Shares of NYSE LTH traded down $1.00 during mid-day trading on Friday, reaching $31.60. 1,585,612 shares of the company were exchanged, compared to its average volume of 1,841,984. The stock has a market capitalization of $6.54 billion, a PE ratio of 45.79, a PEG ratio of 0.82 and a beta of 1.94. The company's 50 day moving average price is $26.67 and its 200 day moving average price is $25.00. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group has a 52 week low of $11.89 and a 52 week high of $33.64.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the firm'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 transaction of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares of the company's stock, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,147 shares of company stock worth $2,241,556. 12.50% of the stock is currently owned by insiders.

Institutional Trading of Life Time Group

A number of hedge funds have recently modified their holdings of LTH. Marshall Wace LLP grew its stake in Life Time Group by 7,344.2% in the 4th quarter. Marshall Wace LLP now owns 1,361,032 shares of the company's stock valued at $30,106,000 after acquiring an additional 1,342,749 shares during the period. Lord Abbett & CO. LLC purchased a new stake in shares of Life Time Group during the 3rd quarter worth $31,575,000. Norges Bank purchased a new stake in shares of Life Time Group in the 4th quarter valued at about $19,198,000. Loomis Sayles & Co. L P grew its position in Life Time Group by 33.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company's stock worth $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Life Time Group by 61.9% in the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company's stock valued at $42,569,000 after purchasing an additional 735,682 shares during the period. Hedge funds and other institutional investors 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.