Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) shares saw strong trading volume on Monday . 1,098,550 shares traded hands during trading, a decline of 26% from the previous session's volume of 1,479,113 shares.The stock last traded at $29.64 and had previously closed at $30.50.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on LTH shares. Oppenheimer upped 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. Guggenheim upped their price objective on Life Time Group from $32.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group raised their price target on shares of Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Life Time Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.62.
Check Out Our Latest Report on Life Time Group
Life Time Group Stock Performance
The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 0.81 and a beta of 1.93. The company's 50-day simple moving average is $30.67 and its 200-day simple moving average is $26.44. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64.
Insider Transactions at Life Time Group
In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the sale, the executive vice president now directly owns 143,030 shares in the company, valued at $4,004,840. This represents a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares of the company's stock, valued at $90,204,670.37. This represents a 62.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,082,147 shares of company stock worth $152,891,556 over the last ninety days. 8.70% of the stock is owned by insiders.
Institutional Trading of Life Time Group
A number of large investors have recently bought and sold shares of LTH. Dnca Finance boosted its position in shares of 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 in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Life Time Group by 12.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after buying an additional 712 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock worth $4,865,000 after acquiring an additional 788 shares in the last quarter. Moody National Bank Trust Division boosted its position in shares of Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company's stock worth $2,037,000 after purchasing an additional 911 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after acquiring an additional 1,075 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.
Life Time Group Company Profile
(
Get Free Report)
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.
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