Life Time Group Holdings, Inc. (NYSE:LTH) Receives $31.77 Consensus PT from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $31.77.

Several brokerages have issued reports on LTH. Mizuho increased their price target on Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Craig Hallum increased their target price on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. 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 note on Friday, January 17th. Wells Fargo & Company increased their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Oppenheimer boosted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd.

Life Time Group Price Performance

LTH opened at $31.60 on Friday. The stock has a market cap of $6.54 billion, a P/E ratio of 45.79, a P/E/G ratio of 0.81 and a beta of 1.94. Life Time Group has a 12 month low of $11.89 and a 12 month high of $33.64. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $26.85 and a 200 day simple moving average of $25.08.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock worth $2,241,556 in the last 90 days. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LTH. Dnca Finance grew its position in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after purchasing an additional 407 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after purchasing an additional 712 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after buying an additional 788 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in shares of Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after buying an additional 911 shares during the period. Institutional investors and hedge funds 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.