Life Time Group (NYSE:LTH) PT Raised to $29.00

Life Time Group (NYSE:LTH) had its target price lifted by equities researchers at Mizuho from $23.00 to $29.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. Mizuho’s price target indicates a potential upside of 92.18% from the company’s current price.

Several other brokerages have also issued reports on LTH. Royal Bank of Canada increased their price objective on Life Time Group from $18.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. TheStreet upgraded shares of Life Time Group from a “d+” rating to a “c-” rating in a research note on Tuesday, January 23rd. Northland Securities started coverage on shares of Life Time Group in a research note on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and three have assigned 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 $20.57.

Life Time Group Trading Up 2.1 %

Shares of NYSE LTH opened at $15.09 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.82. Life Time Group has a one year low of $11.10 and a one year high of $22.41. The business has a 50-day moving average price of $14.42 and a two-hundred day moving average price of $14.13. The firm has a market capitalization of $2.97 billion, a PE ratio of 41.92, a PEG ratio of 8.74 and a beta of 1.76.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.09 by $0.10. The business had revenue of $558.80 million during the quarter, compared to analysts’ expectations of $555.51 million. Life Time Group had a net margin of 3.19% and a return on equity of 4.42%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. As a group, analysts predict that Life Time Group will post 0.45 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at approximately $2,742,700.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the transaction, the executive vice president now directly owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 5,269 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now directly owns 86,967 shares of the company’s stock, valued at approximately $1,110,568.59. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently modified their holdings of LTH. DekaBank Deutsche Girozentrale acquired a new position in Life Time Group during the 3rd quarter valued at $27,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Life Time Group by 62.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after buying an additional 4,330 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Life Time Group by 16.3% in the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after buying an additional 1,702 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Life Time Group during the fourth quarter worth about $213,000. Finally, Victory Capital Management Inc. bought a new position in Life Time Group during the third quarter valued at about $217,000. 79.40% of the stock is owned by 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.