Life Time Group (NYSE:LTH) Shares Gap Up to $20.67

Life Time Group Holdings, Inc. (NYSE:LTH)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $20.67, but opened at $21.10. Life Time Group shares last traded at $21.35, with a volume of 209,595 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LTH shares. Northland Securities began coverage on Life Time Group in a research note on Tuesday, April 23rd. They issued an “outperform” rating and a $23.00 target price for the company. Wells Fargo & Company reduced their target price on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Craig Hallum began coverage on shares of Life Time Group in a research note on Friday. They issued a “buy” rating and a $30.00 price target for the company. Finally, Mizuho raised their price objective on Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.57.

Life Time Group Trading Up 0.4 %

The stock has a market cap of $4.13 billion, a P/E ratio of 57.42, a P/E/G ratio of 3.70 and a beta of 1.86. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43. The stock’s fifty day moving average is $17.64 and its 200 day moving average is $15.32.

Life Time Group (NYSE:LTH) last issued its earnings results on Wednesday, May 1st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $596.72 million for the quarter, compared to analyst estimates of $588.57 million. Life Time Group had a net margin of 3.19% and a return on equity of 4.38%. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.46 earnings per share for the current fiscal year.

Insider Transactions at Life Time Group

In other Life Time Group news, CEO Bahram Akradi bought 39,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was bought at an average cost of $16.76 per share, for a total transaction of $653,640.00. Following the completion of the transaction, the chief executive officer now directly owns 1,414,613 shares of the company’s stock, valued at approximately $23,708,913.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dnca Finance acquired a new stake in Life Time Group during the 2nd quarter worth approximately $72,000. SG Americas Securities LLC acquired a new stake in Life Time Group during the 2nd quarter worth approximately $141,000. Entropy Technologies LP acquired a new stake in Life Time Group during the 1st quarter worth approximately $198,000. Price T Rowe Associates Inc. MD lifted its holdings in Life Time Group by 17.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after buying an additional 1,866 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Life Time Group during the 4th quarter worth approximately $213,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.