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

Life Time Group (NYSE:LTH) had its price target lifted by Mizuho from $38.00 to $41.00 in a research report released on Wednesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

LTH has been the subject of a number of other reports. Evercore ISI started coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Guggenheim increased their target price on Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 28th. 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. Oppenheimer raised their price target on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Northland Securities raised their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average price target of $33.86.

Life Time Group Trading Up 1.8 %

Shares of LTH opened at $32.19 on Wednesday. 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 stock has a 50 day simple moving average of $28.27 and a 200-day simple moving average of $25.53. The stock has a market cap of $6.66 billion, a PE ratio of 46.65, a PEG ratio of 0.81 and a beta of 1.94.

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,082,147 shares of company stock valued at $152,891,556. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Life Time Group in the 4th quarter valued at about $5,619,000. PharVision Advisers LLC acquired a new stake in shares of Life Time Group in the 4th quarter valued at about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Life Time Group by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock valued at $2,985,000 after purchasing an additional 34,727 shares during the period. Squarepoint Ops LLC raised its stake in shares of Life Time Group by 413.3% in the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after purchasing an additional 169,402 shares during the period. Finally, Two Sigma Advisers LP acquired a new stake in shares of Life Time Group in the 4th quarter valued at about $1,478,000. 79.40% of the stock is currently owned by 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.