Analysts Set Life Time Group Holdings, Inc. (NYSE:LTH) Price Target at $33.86

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.86.

Several brokerages have issued reports on LTH. The Goldman Sachs Group boosted their price target on shares of Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Northland Securities increased their price target on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective 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. Craig Hallum increased their target price on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Mizuho raised their target price on Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 5th.

Life Time Group Stock Performance

LTH opened at $32.50 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $30.06 and its two-hundred day moving average price is $26.08. The firm has a market capitalization of $6.81 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. Life Time Group has a 12-month low of $12.34 and a 12-month high of $33.64.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the business’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. The trade was a 1.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bahram Akradi sold 5,000,000 shares of Life Time Group stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the completion of the sale, the chief executive officer now owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. The trade was a 62.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,082,147 shares of company stock valued at $152,891,556. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Several large investors have recently added to or reduced their stakes in LTH. Dnca Finance boosted its holdings in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after purchasing an additional 407 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after buying an additional 712 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after acquiring an additional 788 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in Life Time Group by 1.0% during the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares during the period. Finally, Rhumbline Advisers boosted its position in Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,075 shares during the last quarter. 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.