Life Time Group (NYSE:LTH) Price Target Increased to $27.00 by Analysts at Northland Securities

Life Time Group (NYSE:LTH) had its target price raised by Northland Securities from $23.00 to $27.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. Wells Fargo & Company lowered their target price on Life Time Group from $16.00 to $15.00 and set an equal weight rating on the stock in a report on Thursday, May 2nd. Craig Hallum initiated coverage on Life Time Group in a research note on Friday, July 19th. They set a buy rating and a $30.00 price objective on the stock. Finally, Mizuho increased their price objective on Life Time Group from $23.00 to $29.00 and gave the company a buy rating in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $22.14.

Life Time Group Stock Up 0.1 %

Life Time Group stock opened at $20.64 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 57.33, a price-to-earnings-growth ratio of 3.67 and a beta of 1.86. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $21.56. The stock’s fifty day moving average is $18.34 and its two-hundred day moving average is $15.59.

Life Time Group (NYSE:LTH) last posted its earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $596.72 million for the quarter, compared to analyst estimates of $588.57 million. Life Time Group had a return on equity of 4.38% and a net margin of 3.19%. Analysts predict that Life Time Group will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Life Time Group news, CEO Bahram Akradi bought 39,000 shares of Life Time Group stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $16.76 per share, for a total transaction of $653,640.00. Following the completion of the transaction, the chief executive officer now owns 1,414,613 shares of the company’s stock, valued at approximately $23,708,913.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Large investors have recently added to or reduced their stakes in the business. Dnca Finance purchased a new position in Life Time Group during the second quarter worth about $72,000. SG Americas Securities LLC purchased a new position in shares of Life Time Group in the 2nd quarter worth about $141,000. Entropy Technologies LP purchased a new position in shares of Life Time Group in the 1st quarter worth about $198,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in shares of Life Time Group in the 4th quarter worth about $213,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Company Profile

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.