Life Time Group (NYSE:LTH) Given New $45.00 Price Target at Craig Hallum

Life Time Group (NYSE:LTH) had its price target boosted by equities research analysts at Craig Hallum from $40.00 to $45.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price would suggest a potential upside of 46.52% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley raised their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday. Oppenheimer lifted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Northland Securities upped their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.68.

Life Time Group Stock Down 1.9 %

NYSE LTH traded down $0.59 during trading on Friday, reaching $30.71. 3,945,804 shares of the company’s stock traded hands, compared to its average volume of 1,931,915. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 44.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94. Life Time Group has a 12-month low of $12.34 and a 12-month high of $33.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company’s 50 day simple moving average is $27.53 and its two-hundred day simple moving average is $25.27.

Insiders Place Their Bets

In related news, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at approximately $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock valued at $2,241,556 in the last 90 days. 12.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of Life Time Group by 146.8% in the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after acquiring an additional 108,283 shares during the period. Franklin Resources Inc. acquired a new stake in Life Time Group in the 3rd quarter valued at approximately $593,000. Quadrature Capital Ltd purchased a new stake in Life Time Group in the third quarter valued at approximately $697,000. JPMorgan Chase & Co. lifted its stake in Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after purchasing an additional 356,255 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares in the last quarter. Institutional investors and hedge funds 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.