Life Time Group (NYSE:LTH) Given New $32.00 Price Target at The Goldman Sachs Group

Life Time Group (NYSE:LTH - Get Free Report) had its target price raised by investment analysts at The Goldman Sachs Group from $22.00 to $32.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 6.26% from the company's current price.

A number of other equities research analysts have also weighed in on the company. Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Morgan Stanley lifted their price objective on Life Time Group from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Northland Securities lifted their price target on shares of Life Time Group from $29.00 to $31.50 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, Guggenheim upped their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Life Time Group has a consensus rating of "Moderate Buy" and an average target price of $33.86.

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Life Time Group Stock Performance

Shares of LTH stock traded down $2.07 during trading hours on Monday, hitting $30.12. The stock had a trading volume of 2,925,130 shares, compared to its average volume of 2,435,652. The firm has a market capitalization of $6.23 billion, a PE ratio of 43.65, a PEG ratio of 0.81 and a beta of 1.94. The stock's 50 day moving average is $28.27 and its 200 day moving average is $25.53. 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 twelve month low of $12.34 and a twelve month high of $33.64.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares of the company's stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,082,147 shares of company stock valued at $152,891,556. 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. Dimensional Fund Advisors LP increased its holdings in shares of Life Time Group by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after acquiring an additional 147,295 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company's stock valued at $89,045,000 after buying an additional 46,710 shares during the period. JPMorgan Chase & Co. raised its stake in Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company's stock worth $87,160,000 after acquiring an additional 356,255 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after acquiring an additional 375,672 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its holdings in shares of Life Time Group by 5.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,955,669 shares of the company's stock valued at $65,379,000 after purchasing an additional 145,002 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.