Life Time Group (NYSE:LTH) Given New $15.00 Price Target at Wells Fargo & Company

Life Time Group (NYSE:LTH) had its price objective trimmed by Wells Fargo & Company from $16.00 to $15.00 in a report published on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on the stock. Mizuho decreased their price target on shares of Life Time Group from $26.00 to $23.00 and set a buy rating on the stock in a research report on Monday, March 4th. TheStreet raised Life Time Group from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Royal Bank of Canada increased their price target on Life Time Group from $18.00 to $20.00 and gave the company an outperform rating in a research report on Thursday, February 29th. Finally, Northland Securities started coverage on Life Time Group in a research note on Tuesday, April 23rd. They issued an outperform rating and a $23.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of Moderate Buy and a consensus price target of $19.71.

Life Time Group Stock Performance

Shares of LTH stock opened at $14.15 on Thursday. Life Time Group has a 12-month low of $11.10 and a 12-month high of $22.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 39.31, a price-to-earnings-growth ratio of 8.74 and a beta of 1.76. The business has a 50 day simple moving average of $14.31 and a 200 day simple moving average of $14.13.

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

Insider Buying and Selling at Life Time Group

In related news, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $12.77, for a total transaction of $67,285.13. Following the completion of the sale, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Erik Weaver sold 5,269 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total transaction of $67,285.13. Following the transaction, the chief financial officer now owns 86,967 shares in the company, valued at approximately $1,110,568.59. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the firm’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 transaction, the executive vice president now owns 201,521 shares in the company, valued at approximately $2,742,700.81. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several large investors have recently made changes to their positions in LTH. Assetmark Inc. raised its stake in shares of Life Time Group by 16.3% in the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after acquiring an additional 1,702 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Life Time Group in the third quarter worth $27,000. Arizona State Retirement System boosted its holdings in shares of Life Time Group by 21.8% during the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock worth $253,000 after buying an additional 2,982 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Life Time Group by 62.1% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. grew its stake in Life Time Group by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock valued at $6,392,000 after buying an additional 5,995 shares during the last quarter. 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.