Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) PT at $31.77

Life Time Group Holdings, Inc. (NYSE:LTH) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $31.86.

A number of research analysts have recently issued reports on the stock. Northland Securities lifted their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday, January 17th. Morgan Stanley lifted their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday. Craig Hallum lifted their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Finally, Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company.

Insiders Place Their Bets

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 sale, the executive vice president now owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. This represents a 25.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,147 shares of company stock valued at $2,241,556. 12.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Life Time Group

A number of large investors have recently made changes to their positions in the company. Dnca Finance increased its position in shares of Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after buying an additional 407 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock valued at $143,000 after buying an additional 712 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Life Time Group by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after buying an additional 788 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares in the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after buying an additional 911 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Life Time Group Stock Performance

NYSE:LTH opened at $31.21 on Friday. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. The firm has a 50 day moving average of $27.53 and a 200-day moving average of $25.27. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $6.46 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94.

Life Time Group Company Profile

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.