Life Time Group (NYSE:LTH) Price Target Raised to $29.00

Life Time Group (NYSE:LTH - Get Free Report) had its price target hoisted by analysts at Northland Securities from $28.50 to $29.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Northland Securities' price objective points to a potential upside of 23.35% from the company's current price.

Other analysts have also recently issued reports about the company. 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 report on Friday, August 2nd. Morgan Stanley raised their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Bank of America upped their target price on shares of 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 boosted their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $27.63.

Life Time Group Price Performance

NYSE LTH traded up $0.24 during mid-day trading on Friday, hitting $23.51. The stock had a trading volume of 1,590,036 shares, compared to its average volume of 1,111,351. The firm's 50 day moving average is $24.49 and its 200 day moving average is $20.06. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 3.35 and a beta of 1.87. Life Time Group has a twelve month low of $11.10 and a twelve month high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The business 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 4.54% and a return on equity of 5.36%. Life Time Group's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.09 earnings per share. Equities research analysts forecast that Life Time Group will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 4,662 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the transaction, the chief financial officer now directly owns 75,866 shares of the company's stock, valued at $1,963,412.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares of the company's stock, valued at approximately $1,963,412.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction 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 sale, the director now directly owns 55,166,700 shares of the company's stock, valued at approximately $1,151,880,696. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,229,662 shares of company stock worth $88,338,653 in the last ninety days. 12.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Life Time Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company's stock valued at $100,562,000 after purchasing an additional 78,290 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company's stock valued at $87,728,000 after acquiring an additional 770,766 shares during the last quarter. Hood River Capital Management LLC boosted its stake in Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company's stock valued at $34,117,000 after acquiring an additional 553,881 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company's stock worth $20,268,000 after purchasing an additional 430,779 shares during the last quarter. Finally, Braun Stacey Associates Inc. purchased a new stake in shares of Life Time Group in the 2nd quarter valued at about $7,486,000. Institutional investors and hedge funds 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.