Life Time Group (NYSE:LTH) Given New $38.00 Price Target at Mizuho

Life Time Group (NYSE:LTH - Free Report) had its target price upped by Mizuho from $32.00 to $38.00 in a research report report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an "outperform" rating and a $29.00 price target for the company. Northland Securities boosted their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an "outperform" rating in a report on Friday, January 17th. Craig Hallum increased their price target on Life Time Group from $33.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday. Oppenheimer boosted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Life Time Group has a consensus rating of "Moderate Buy" and an average price target of $31.77.

Life Time Group Trading Up 0.1 %

Shares of Life Time Group stock traded up $0.04 during trading on Friday, hitting $28.62. The company's stock had a trading volume of 800,730 shares, compared to its average volume of 1,880,127. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a 52 week low of $11.89 and a 52 week high of $28.92. The stock has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $23.54.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company's quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. Equities research analysts anticipate that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. This represents a 11.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now owns 243,938 shares of the company's stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 241,596 shares of company stock worth $6,113,448. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC purchased a new stake in Life Time Group in the third quarter worth $31,575,000. Loomis Sayles & Co. L P increased its holdings 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 acquiring an additional 758,757 shares during the period. Point72 Asset Management L.P. lifted its stake in Life Time Group by 135.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company's stock worth $21,750,000 after purchasing an additional 513,033 shares in the last quarter. Braun Stacey Associates Inc. boosted its holdings in Life Time Group by 113.7% in the 3rd quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company's stock valued at $20,752,000 after purchasing an additional 452,197 shares during the period. Finally, Millennium Management LLC grew its position in shares of Life Time Group by 66.7% during the 2nd quarter. Millennium Management LLC now owns 1,076,386 shares of the company's stock valued at $20,268,000 after purchasing an additional 430,779 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.