Life Time Group (NYSE:LTH) Given New $41.00 Price Target at Mizuho

Life Time Group (NYSE:LTH - Free Report) had its target price boosted by Mizuho from $38.00 to $41.00 in a research note published on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on the company. The Goldman Sachs Group lifted their price objective on Life Time Group from $22.00 to $32.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Craig Hallum upped their price target on Life Time Group from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the stock an "outperform" rating in a report on Friday, January 17th. Evercore ISI assumed coverage on Life Time Group in a report on Friday, November 22nd. They issued an "outperform" rating and a $29.00 price target for the company. Finally, Morgan Stanley upped their price target on Life Time Group from $29.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Life Time Group presently has an average rating of "Moderate Buy" and a consensus price target of $33.86.

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Life Time Group Trading Down 3.3 %

LTH traded down $0.98 during midday trading on Wednesday, hitting $29.13. The company's stock had a trading volume of 2,822,024 shares, compared to its average volume of 2,444,437. 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 firm has a market cap of $6.10 billion, a P/E ratio of 42.21, a PEG ratio of 0.81 and a beta of 1.93. The firm has a 50-day moving average price of $28.57 and a two-hundred day moving average price of $25.62. Life Time Group has a 52-week low of $12.34 and a 52-week high of $33.64.

Insider Buying and Selling

In other news, CFO Erik Weaver sold 1,741 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the transaction, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bahram Akradi sold 5,000,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last three months. Company insiders own 12.50% 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 business. Dnca Finance grew its position in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares in the last quarter. Summit Investment Advisors Inc. raised its position in 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 purchasing an additional 712 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Life Time Group by 0.4% in the 4th 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. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after buying an additional 906 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company's stock valued at $2,037,000 after buying an additional 911 shares during the period. Institutional investors own 79.40% of the company's stock.

About Life Time Group

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.