Life Time Group (NYSE:LTH) Price Target Raised to $27.00

Life Time Group (NYSE:LTH) had its price target raised by Northland Securities from $23.00 to $27.00 in a report published on Wednesday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other brokerages have also recently weighed in on LTH. Mizuho raised their target price on Life Time Group from $23.00 to $29.00 and gave the company a buy rating in a research note on Monday, May 6th. Wells Fargo & Company lowered their price objective on shares of Life Time Group from $16.00 to $15.00 and set an equal weight rating on the stock in a research note on Thursday, May 2nd. Finally, Craig Hallum started coverage on shares of Life Time Group in a report on Friday, July 19th. They set a buy rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $22.14.

Life Time Group Stock Performance

LTH stock opened at $20.64 on Wednesday. The company has a 50-day simple moving average of $18.34 and a 200 day simple moving average of $15.58. The company has a market capitalization of $4.10 billion, a P/E ratio of 57.33, a PEG ratio of 3.67 and a beta of 1.86. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $21.56.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $596.72 million during the quarter, compared to analysts’ expectations of $588.57 million. Life Time Group had a net margin of 3.19% and a return on equity of 4.38%. Sell-side analysts predict that Life Time Group will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Life Time Group

A number of hedge funds have recently modified their holdings of LTH. Dnca Finance purchased a new position in shares of Life Time Group during the second quarter valued at $72,000. SG Americas Securities LLC purchased a new position in Life Time Group during the 2nd quarter valued at about $141,000. Entropy Technologies LP acquired a new position in shares of Life Time Group in the 1st quarter valued at about $198,000. Price T Rowe Associates Inc. MD lifted its position in shares of Life Time Group by 17.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Life Time Group during the fourth quarter worth approximately $213,000. 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.