Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Mizuho Analyst Says

Life Time Group (NYSE:LTH) had its target price lifted by equities research analysts at Mizuho from $32.00 to $38.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 32.89% from the stock’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Company upped their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Guggenheim restated a “buy” rating and set a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Northland Securities lifted their price objective on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday, January 17th. Craig Hallum boosted their price objective on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Oppenheimer raised their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Life Time Group Stock Up 0.5 %

Shares of NYSE:LTH opened at $28.60 on Friday. The firm’s 50-day moving average is $23.85 and its two-hundred day moving average is $23.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a 1 year low of $11.89 and a 1 year high of $28.92. The firm has a market capitalization of $5.92 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.89.

Life Time Group (NYSE:LTH) 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 return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same period in the previous year, the company earned $0.09 earnings per share. Life Time Group’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts predict that Life Time Group will post 0.74 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now owns 143,030 shares of the company’s stock, valued at $4,004,840. This represents a 25.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,596 shares of company stock valued at $6,113,448. 12.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its position in shares of Life Time Group by 402.6% during the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after acquiring an additional 83,654 shares during the last quarter. Amalgamated Bank grew its position in Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Life Time Group in the second quarter valued at $192,000. Canada Pension Plan Investment Board raised its holdings in shares of Life Time Group by 8.4% in the second quarter. Canada Pension Plan Investment Board now owns 99,500 shares of the company’s stock valued at $1,874,000 after buying an additional 7,700 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Life Time Group by 61.2% during the second quarter. Sei Investments Co. now owns 20,683 shares of the company’s stock worth $389,000 after buying an additional 7,849 shares during the period. 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.