Life Time Group (NYSE:LTH) Price Target Increased to $29.00 by Analysts at Mizuho

Life Time Group (NYSE:LTH) had its price target boosted by Mizuho from $23.00 to $29.00 in a research report released on Monday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other brokerages also recently weighed in on LTH. Wells Fargo & Company lowered their target price on Life Time Group from $16.00 to $15.00 and set an equal weight rating for the company in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price target on Life Time Group from $18.00 to $20.00 and gave the company an outperform rating in a research report on Thursday, February 29th. TheStreet raised shares of Life Time Group from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Finally, Northland Securities assumed coverage on shares of Life Time Group in a research note on Tuesday, April 23rd. They issued an outperform rating and a $23.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $20.57.

Life Time Group Price Performance

Shares of NYSE LTH traded up $0.03 during midday trading on Monday, hitting $14.81. The company had a trading volume of 9,353 shares, compared to its average volume of 763,522. The business has a 50-day simple moving average of $14.37 and a two-hundred day simple moving average of $14.13. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 8.74 and a beta of 1.76. Life Time Group has a twelve month low of $11.10 and a twelve month high of $22.41. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.82.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $555.51 million. During the same period last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts anticipate that Life Time Group will post 0.45 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the transaction, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Erik Weaver sold 5,269 shares of the business’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 transaction of $67,285.13. Following the completion of the transaction, the chief financial officer now owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total value of $147,369.08. Following the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, 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 Investors Weigh In On Life Time Group

Hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Life Time Group during the third quarter worth about $27,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Life Time Group by 62.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after purchasing an additional 4,330 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Life Time Group by 16.3% during the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after purchasing an additional 1,702 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Life Time Group during the fourth quarter valued at $213,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Life Time Group during the 3rd quarter valued at about $217,000. 79.40% of the stock is currently owned by 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.