Life Time Group (NYSE:LTH) Price Target Increased to $28.50 by Analysts at Northland Securities

Life Time Group (NYSE:LTH) had its price target hoisted by research analysts at Northland Securities from $27.00 to $28.50 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ price target points to a potential upside of 27.80% from the company’s current price.

A number of other research firms have also issued reports on LTH. Mizuho boosted their price target on shares of Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, May 6th. The Goldman Sachs Group boosted their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Craig Hallum assumed coverage on shares of Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.93.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $0.28 during trading on Friday, reaching $22.30. The company had a trading volume of 1,934,003 shares, compared to its average volume of 845,503. The firm’s fifty day moving average is $18.74 and its 200 day moving average is $15.76. The firm has a market capitalization of $4.43 billion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 3.70 and a beta of 1.86. Life Time Group has a twelve month low of $11.10 and a twelve month high of $23.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43.

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

Insider Buying and Selling

In other news, CEO Bahram Akradi acquired 39,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was acquired at an average cost of $16.76 per share, with a total value of $653,640.00. Following the acquisition, the chief executive officer now owns 1,414,613 shares in the company, valued at $23,708,913.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in the business. Quantbot Technologies LP increased its position in shares of Life Time Group by 1,443.3% during the 1st quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock worth $1,148,000 after purchasing an additional 69,192 shares in the last quarter. Nebula Research & Development LLC bought a new stake in Life Time Group during the 4th quarter worth about $776,000. Trexquant Investment LP bought a new stake in Life Time Group during the 4th quarter worth about $741,000. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 5,995 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Life Time Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,736,200 shares of the company’s stock valued at $72,038,000 after purchasing an additional 48,885 shares during the last quarter. Institutional investors and hedge funds 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.