Life Time Group (NYSE:LTH) Given New $28.00 Price Target at Wells Fargo & Company

Life Time Group (NYSE:LTH) had its price objective upped by investment analysts at Wells Fargo & Company from $26.00 to $28.00 in a report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 1.20% from the stock’s previous close.

Several other equities research analysts also recently issued reports on LTH. Guggenheim restated a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research report on Friday. Evercore ISI assumed coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday. Finally, 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 report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.75.

Life Time Group Stock Up 3.9 %

Shares of NYSE LTH opened at $27.67 on Friday. The business’s fifty day moving average price is $23.63 and its 200-day moving average price is $23.30. Life Time Group has a one year low of $11.89 and a one year high of $27.74. The stock has a market capitalization of $5.73 billion, a PE ratio of 40.10, a P/E/G ratio of 1.02 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities research analysts anticipate that Life Time Group will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the transaction, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently added to or reduced their stakes in LTH. Amalgamated Bank grew its stake in shares of Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group during the third quarter valued at approximately $60,000. Blue Trust Inc. increased its stake in shares of Life Time Group by 345.5% in 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. Finally, FMR LLC raised its holdings in Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after buying an additional 3,650 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.