Life Time Group (NYSE:LTH) Price Target Raised to $41.00 at Mizuho

Life Time Group (NYSE:LTH) had its target price boosted by Mizuho from $38.00 to $41.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also weighed in on LTH. Guggenheim upped their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Morgan Stanley upped their target price on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Craig Hallum upped their target price on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Oppenheimer upped their target price on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their target price on 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

Life Time Group Stock Up 1.8 %

NYSE:LTH opened at $32.19 on Wednesday. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 46.65, a PEG ratio of 0.81 and a beta of 1.94. Life Time Group has a 1-year low of $12.34 and a 1-year high of $33.64. 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 business’s fifty day moving average price is $28.27 and its 200 day moving average price is $25.53.

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the transaction, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value 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. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,082,147 shares of company stock valued at $152,891,556. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several hedge funds have recently added to or reduced their stakes in LTH. Marshall Wace LLP boosted its stake in Life Time Group by 7,344.2% during the 4th quarter. Marshall Wace LLP now owns 1,361,032 shares of the company’s stock valued at $30,106,000 after purchasing an additional 1,342,749 shares during the period. Lord Abbett & CO. LLC bought a new stake in Life Time Group during the 3rd quarter valued at approximately $31,575,000. Norges Bank bought a new stake in Life Time Group during the 4th quarter valued at approximately $19,198,000. Loomis Sayles & Co. L P lifted its position in shares of Life Time Group by 33.1% in the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after acquiring an additional 758,757 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Life Time Group by 61.9% in the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock worth $42,569,000 after acquiring an additional 735,682 shares during the period. 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.