Life Time Group (NYSE:LTH) Price Target Increased to $29.00 by Analysts at Northland Securities

Life Time Group (NYSE:LTH) had its price objective hoisted by Northland Securities from $28.50 to $29.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently commented on LTH. Bank of America upped their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Craig Hallum began coverage on Life Time Group in a report on Friday, July 19th. They set a “buy” rating and a $30.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Morgan Stanley raised their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their target price on shares of Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Life Time Group Trading Up 1.0 %

Shares of Life Time Group stock traded up $0.24 during trading hours on Friday, hitting $23.51. The company’s stock had a trading volume of 1,590,036 shares, compared to its average volume of 1,111,351. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 65.31, a P/E/G ratio of 3.35 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44. Life Time Group has a twelve month low of $11.10 and a twelve month high of $27.11. The firm has a fifty day moving average of $24.49 and a 200-day moving average of $20.06.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the company earned $0.09 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Research analysts forecast that Life Time Group will post 0.58 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the transaction, the chief financial officer now owns 75,866 shares of the company’s stock, valued at $1,963,412.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Partners Group Private Equity sold 650,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares in the company, valued at $1,963,412.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,229,662 shares of company stock valued at $88,338,653. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Amalgamated Bank grew its holdings in shares of 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 period. Blue Trust Inc. grew its stake in Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after buying an additional 2,280 shares during the period. Dnca Finance acquired a new stake in shares of Life Time Group in the second quarter worth $72,000. SG Americas Securities LLC purchased a new position in shares of Life Time Group in the 2nd quarter valued at $141,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Life Time Group during the 2nd quarter valued at $192,000. 79.40% of the stock is owned by hedge funds and other 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.