Life Time Group Holdings, Inc. (NYSE:LTH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $33.86.

Several analysts recently issued reports on LTH shares. Northland Securities lifted their price target on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. The Goldman Sachs Group lifted their price target on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Mizuho lifted their price target on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Wednesday, March 5th. Guggenheim lifted their price target on shares of Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company lifted their price target on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th.

Insiders Place Their Bets

In other news, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. The trade was a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, the executive vice president now owns 143,030 shares in the company, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock valued at $152,891,556 in the last three months. 12.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Life Time Group during the 4th quarter worth $5,619,000. PharVision Advisers LLC bought a new stake in Life Time Group in the 4th quarter valued at about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Life Time Group by 34.7% in 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 acquiring an additional 34,727 shares during the period. Squarepoint Ops LLC raised its stake in Life Time Group by 413.3% in the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after acquiring an additional 169,402 shares during the period. Finally, Two Sigma Advisers LP bought a new stake in Life Time Group in the 4th quarter valued at about $1,478,000. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Stock Performance

NYSE LTH opened at $30.35 on Tuesday. The company has a fifty day simple moving average of $29.31 and a 200 day simple moving average of $25.82. Life Time Group has a 12-month low of $12.34 and a 12-month high of $33.64. 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 company has a market cap of $6.36 billion, a P/E ratio of 43.99, a PEG ratio of 0.81 and a beta of 1.93.

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.