Life Time Group (NYSE:LTH) PT Raised to $25.00 at Wells Fargo & Company

Life Time Group (NYSE:LTH - Free Report) had its price objective boosted by Wells Fargo & Company from $21.00 to $25.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

LTH has been the subject of a number of other reports. Northland Securities upped their target price on Life Time Group from $27.00 to $28.50 and gave the company an "outperform" rating in a research report on Friday, August 2nd. The Goldman Sachs Group upped their target price on Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Bank of America upped their target price on Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Royal Bank of Canada upped their target price on Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a research report on Friday, August 2nd. Finally, Craig Hallum initiated coverage on Life Time Group in a research report on Friday, July 19th. They set a "buy" rating and a $30.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.56.

Life Time Group Stock Down 1.7 %

Shares of NYSE:LTH traded down $0.43 on Wednesday, hitting $25.60. 1,315,010 shares of the company's stock were exchanged, compared to its average volume of 1,100,180. The firm's 50-day moving average is $24.14 and its 200 day moving average is $19.61. The company has a market capitalization of $5.09 billion, a PE ratio of 71.19, a P/E/G ratio of 3.20 and a beta of 1.87. Life Time Group has a 1-year low of $11.10 and a 1-year high of $27.11. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $667.80 million during the quarter, compared to analysts' expectations of $634.92 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The business's quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.08 EPS. Sell-side analysts predict that Life Time Group will post 0.56 EPS for the current year.

Insider Transactions at Life Time Group

In other news, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares of the company's stock, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares of the company's stock, valued at approximately $123,804,786.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John G. Danhakl sold 3,575,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares of the company's stock, valued at $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.50% of the company's stock.

Hedge Funds Weigh In On Life Time Group

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Life Time Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company's stock valued at $100,562,000 after buying an additional 78,290 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock valued at $87,728,000 after buying an additional 770,766 shares during the last quarter. Hood River Capital Management LLC grew its holdings in Life Time Group by 44.0% during the 2nd quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock valued at $34,117,000 after buying an additional 553,881 shares during the last quarter. Millennium Management LLC grew its holdings in 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 buying an additional 430,779 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Life Time Group during the 4th quarter valued at $14,544,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.