Life Time Group Holdings, Inc. (NYSE:LTH) Receives $33.86 Consensus PT from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $33.86.

Several research analysts recently weighed in on LTH shares. Mizuho raised their target price on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Oppenheimer lifted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Craig Hallum boosted their target price on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 28th. The Goldman Sachs Group raised their target price on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Finally, Wells Fargo & Company upped their price target on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th.

Life Time Group Stock Performance

LTH opened at $32.50 on Tuesday. Life Time Group has a 1-year low of $12.34 and a 1-year high of $33.64. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The business has a 50 day moving average price of $30.06 and a two-hundred day moving average price of $26.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Insider Transactions at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the company’s 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 transaction, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group 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 sale, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last quarter. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its position in Life Time Group by 7,344.2% during the fourth quarter. Marshall Wace LLP now owns 1,361,032 shares of the company’s stock valued at $30,106,000 after acquiring an additional 1,342,749 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Life Time Group during the 3rd quarter valued at $31,575,000. Norges Bank acquired a new stake in shares of Life Time Group in the 4th quarter valued at $19,198,000. Loomis Sayles & Co. L P boosted its holdings in Life Time Group by 33.1% in the third 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 in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Life Time Group by 61.9% in the fourth quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock worth $42,569,000 after purchasing an additional 735,682 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.