Life Time Group (NYSE:LTH) Price Target Raised to $26.00

Life Time Group (NYSE:LTH - Free Report) had its price objective hoisted by Wells Fargo & Company from $25.00 to $26.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also issued reports on the company. Morgan Stanley lifted their target price 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. Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They set an "outperform" rating and a $29.00 target price for the company. Northland Securities lifted their price target on shares of Life Time Group from $28.50 to $29.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, Bank of America increased their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.89.

Life Time Group Stock Up 1.3 %

Shares of NYSE:LTH traded up $0.30 during mid-day trading on Tuesday, hitting $23.42. 1,353,495 shares of the company traded hands, compared to its average volume of 1,110,970. The firm's 50 day simple moving average is $24.17 and its 200 day simple moving average is $22.52. The firm has a market cap of $4.85 billion, a P/E ratio of 33.94, a PEG ratio of 1.49 and a beta of 1.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.11.

Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million during the quarter, compared to analysts' expectations of $684.13 million. During the same quarter last year, the company posted $0.09 earnings per share. Life Time Group's revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts anticipate that Life Time Group will post 0.56 EPS for the current year.

Insider Activity at Life Time Group

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Erik Weaver sold 4,662 shares of the firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 5.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company's stock.

Institutional Trading of Life Time Group

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after purchasing an additional 906 shares during the period. Amalgamated Bank lifted its stake in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company's stock worth $38,000 after acquiring an additional 563 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Life Time Group in the 3rd quarter worth approximately $60,000. Blue Trust Inc. lifted its stake in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $72,000 after acquiring an additional 2,280 shares during the period. Finally, FMR LLC lifted its stake in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company's stock worth $122,000 after acquiring an additional 3,650 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.