Life Time Group (NYSE:LTH) PT Lowered to $15.00 at Wells Fargo & Company

Life Time Group (NYSE:LTH) had its price target cut by Wells Fargo & Company from $16.00 to $15.00 in a report issued on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Mizuho dropped their price target on shares of Life Time Group from $26.00 to $23.00 and set a buy rating on the stock in a research note on Monday, March 4th. Royal Bank of Canada lifted their target price on shares of Life Time Group from $18.00 to $20.00 and gave the company an outperform rating in a research report on Thursday, February 29th. Northland Securities started coverage on shares of Life Time Group in a research report on Tuesday, April 23rd. They set an outperform rating and a $23.00 price target for the company. Finally, TheStreet upgraded Life Time Group from a d+ rating to a c- rating in a report on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $19.71.

Life Time Group Price Performance

NYSE:LTH opened at $14.15 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22. The company has a 50 day moving average price of $14.31 and a 200-day moving average price of $14.14. Life Time Group has a 1-year low of $11.10 and a 1-year high of $22.41. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 39.31, a price-to-earnings-growth ratio of 8.43 and a beta of 1.76.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. Life Time Group had a net margin of 3.19% and a return on equity of 4.42%. The company had revenue of $558.80 million during the quarter, compared to analysts’ expectations of $555.51 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts forecast that Life Time Group will post 0.45 EPS for the current year.

Insider Activity at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Life Time Group news, CFO Erik Weaver sold 5,269 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at approximately $1,110,568.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the transaction, the executive vice president now owns 201,521 shares in the company, valued at approximately $2,742,700.81. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Institutional Trading of Life Time Group

Several hedge funds have recently made changes to their positions in LTH. Assetmark Inc. raised its position in shares of Life Time Group by 16.3% during the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after buying an additional 1,702 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Life Time Group in the third quarter valued at $27,000. Arizona State Retirement System lifted its stake in shares of Life Time Group by 21.8% in the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock valued at $253,000 after purchasing an additional 2,982 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Life Time Group by 62.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after purchasing an additional 4,330 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Life Time Group by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after purchasing an additional 5,995 shares during the last quarter. Hedge funds and other 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.