Northland Securities Boosts Life Time Group (NYSE:LTH) Price Target to $29.00

Life Time Group (NYSE:LTH) had its target price upped by equities research analysts at Northland Securities from $28.50 to $29.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price objective points to a potential upside of 24.78% from the stock’s previous close.

Several other research analysts have also weighed in on LTH. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Craig Hallum started coverage on shares of Life Time Group in a research report on Friday, July 19th. They issued a “buy” rating and a $30.00 price objective on the stock. Wells Fargo & Company lifted their target price on Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their target price on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price target on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.63.

Life Time Group Price Performance

Shares of Life Time Group stock traded down $0.03 during midday trading on Friday, reaching $23.24. The company had a trading volume of 661,745 shares, compared to its average volume of 1,106,867. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 3.35 and a beta of 1.87. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $24.47 and a 200 day simple moving average of $20.04. Life Time Group has a 1-year low of $11.10 and a 1-year high of $27.11.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period last year, the firm earned $0.09 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Life Time Group will post 0.58 earnings per share for the current year.

Insider Activity at Life Time Group

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the transaction, the director now directly owns 55,166,700 shares of the company’s stock, valued at $1,151,880,696. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the transaction, the director now owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares of the company’s stock, valued at approximately $1,963,412.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,229,662 shares of company stock worth $88,338,653. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in the stock. Amalgamated Bank lifted its stake in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the period. Dnca Finance bought a new position in Life Time Group during the second quarter worth $72,000. Blue Trust Inc. grew its holdings in Life Time Group by 345.5% in the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the period. SG Americas Securities LLC bought a new stake in Life Time Group in the second quarter valued at $141,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Life Time Group during the second quarter valued at about $192,000. 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.