Life Time Group (NYSE:LTH) Price Target Raised to $36.00 at Guggenheim

Life Time Group (NYSE:LTH) had its price target hoisted by Guggenheim from $32.00 to $36.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Craig Hallum increased their target price on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday. 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 report on Friday, January 17th. Evercore ISI began coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Oppenheimer lifted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Mizuho lifted their price objective on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.68.

Life Time Group Stock Performance

Life Time Group stock opened at $30.44 on Friday. 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 firm has a 50-day moving average of $27.69 and a 200-day moving average of $25.33. The firm has a market cap of $6.30 billion, a P/E ratio of 44.12, a P/E/G ratio of 0.81 and a beta of 1.94. Life Time Group has a 1-year low of $12.34 and a 1-year high of $33.64.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the completion of the transaction, the executive vice president now directly owns 136,220 shares in the company, valued at $4,086,600. The trade was a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,147 shares of company stock worth $2,241,556. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Life Time Group in the 4th quarter worth approximately $5,619,000. PharVision Advisers LLC purchased a new stake in Life Time Group during the 4th quarter valued at $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Life Time Group by 34.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock valued at $2,985,000 after buying an additional 34,727 shares during the last quarter. Squarepoint Ops LLC raised its stake in Life Time Group by 413.3% during the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after buying an additional 169,402 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Life Time Group during the 4th quarter valued at $1,478,000. 79.40% of the stock is currently owned by hedge funds and other 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.