Brokerages Set Life Time Group Holdings, Inc. (NYSE:LTH) Target Price at $33.86

Life Time Group Holdings, Inc. (NYSE:LTH) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.86.

Several equities research analysts have issued reports on LTH shares. Mizuho increased their target price on Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th. Morgan Stanley increased their target price on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. The Goldman Sachs Group increased their target price on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Guggenheim increased their price objective on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Craig Hallum increased their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th.

Life Time Group Trading Down 1.0 %

NYSE:LTH opened at $30.64 on Tuesday. The company has a market cap of $6.42 billion, a P/E ratio of 44.40, a P/E/G ratio of 0.81 and a beta of 1.93. The stock’s fifty day moving average price is $29.89 and its two-hundred day moving average price is $26.00. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Insider Activity at Life Time Group

In related news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the transaction, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This represents a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the stock in a transaction 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 approximately $4,086,600. This represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last 90 days. 12.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dnca Finance grew its stake in shares of Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after buying an additional 407 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Life Time Group by 12.3% during the fourth 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 during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Life Time Group by 0.4% during the fourth 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 during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Life Time Group by 1.0% during the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after purchasing an additional 911 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,075 shares during the period. 79.40% of the stock is owned by institutional investors.

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.