Life Time Group (NYSE:LTH) Price Target Raised to $29.00

Life Time Group (NYSE:LTH) had its price objective hoisted by Mizuho from $23.00 to $29.00 in a research note released on Monday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. TheStreet upgraded shares of Life Time Group from a d+ rating to a c- rating in a report on Tuesday, January 23rd. Royal Bank of Canada boosted their price objective on Life Time Group from $18.00 to $20.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. Wells Fargo & Company lowered their target price on Life Time Group from $16.00 to $15.00 and set an equal weight rating on the stock in a report on Thursday, May 2nd. Finally, Northland Securities started coverage on Life Time Group in a report on Tuesday, April 23rd. They set an outperform rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has a consensus rating of Moderate Buy and an average price target of $20.57.

Life Time Group Trading Down 3.0 %

Life Time Group stock opened at $14.64 on Monday. Life Time Group has a one year low of $11.10 and a one year high of $22.41. The company’s fifty day moving average price is $14.42 and its two-hundred day moving average price is $14.13. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 8.74 and a beta of 1.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.31 and a quick ratio of 0.22.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. The business had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a return on equity of 4.42% and a net margin of 3.19%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. On average, analysts forecast that Life Time Group will post 0.45 earnings per share for the current fiscal year.

Insider Activity

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group 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 sale, the executive vice president now owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Life Time Group 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 transaction, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares in the company, valued at approximately $2,742,700.81. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Life Time Group by 62.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after purchasing an additional 4,330 shares during the last quarter. Assetmark Inc. increased its position in 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. Victory Capital Management Inc. acquired a new position in shares of Life Time Group during the third quarter worth approximately $217,000. Arizona State Retirement System raised its position in Life Time Group by 21.8% in the 3rd quarter. Arizona State Retirement System now owns 16,660 shares of the company’s stock worth $253,000 after purchasing an additional 2,982 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in Life Time Group by 50.9% during the 3rd quarter. New York State Common Retirement Fund now owns 59,176 shares of the company’s stock worth $900,000 after buying an additional 19,950 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

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.