Life Time Group (NYSE:LTH) Given New $30.00 Price Target at Morgan Stanley

Life Time Group (NYSE:LTH) had its price target boosted by Morgan Stanley from $29.00 to $30.00 in a research report released on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Craig Hallum lifted their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted 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 report on Friday, January 17th. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Guggenheim restated a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Finally, Northland Securities boosted their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.86.

Life Time Group Trading Down 1.9 %

Shares of Life Time Group stock opened at $31.00 on Monday. Life Time Group has a 1 year low of $11.89 and a 1 year high of $33.64. The firm has a market cap of $6.42 billion, a PE ratio of 44.93, a PEG ratio of 0.81 and a beta of 1.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a 50 day simple moving average of $27.01 and a two-hundred day simple moving average of $25.14.

Insider Buying and Selling

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock valued at $2,241,556 over the last three months. 12.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group during the 4th quarter valued at $33,000. R Squared Ltd bought a new stake in shares of Life Time Group during the 4th quarter valued at $42,000. 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 valued at $43,000 after buying an additional 906 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after buying an additional 1,649 shares in the last quarter. 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.