Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $31.77.

LTH has been the topic of several analyst reports. Northland Securities raised 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 report on Friday, January 17th. Craig Hallum lifted their price target on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Evercore ISI began coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Wells Fargo & Company increased their target price on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Morgan Stanley increased 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 report on Wednesday, October 16th.

Life Time Group Trading Down 2.6 %

Life Time Group stock opened at $28.98 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market cap of $6.00 billion, a PE ratio of 42.00, a P/E/G ratio of 0.73 and a beta of 1.89. The stock’s 50 day simple moving average is $24.55 and its two-hundred day simple moving average is $23.98. Life Time Group has a 12 month low of $11.89 and a 12 month high of $30.39.

Insider Buying and Selling at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of Life Time Group stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total transaction of $204,300.00. Following the transaction, the executive vice president now owns 136,220 shares in the company, valued at $4,086,600. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 243,938 shares in the company, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,406 shares of company stock worth $6,317,748. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC acquired a new stake in Life Time Group during the third quarter worth $31,575,000. Loomis Sayles & Co. L P increased its position in shares of Life Time Group by 33.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Life Time Group by 135.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock valued at $21,750,000 after buying an additional 513,033 shares during the period. Braun Stacey Associates Inc. lifted its position in Life Time Group by 113.7% in the third quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company’s stock valued at $20,752,000 after buying an additional 452,197 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Life Time Group by 66.7% during the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock valued at $20,268,000 after acquiring an additional 430,779 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.