Life Time Group (NYSE:LTH) Price Target Raised to $31.50 at Northland Securities

Life Time Group (NYSE:LTH) had its price objective hoisted by stock analysts at Northland Securities from $29.00 to $31.50 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 18.46% from the company’s previous close.

Several other brokerages have also issued reports on LTH. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Wells Fargo & Company raised their price target on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Morgan Stanley increased their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

Life Time Group Stock Performance

NYSE:LTH opened at $26.59 on Friday. The firm has a market capitalization of $5.50 billion, a PE ratio of 38.54, a PEG ratio of 1.02 and a beta of 1.89. The stock’s fifty day moving average is $23.54 and its 200 day moving average is $23.19. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. On average, sell-side analysts anticipate that Life Time Group will post 0.56 earnings per share for the current year.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This represents a 40.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank raised its position 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 worth $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Life Time Group by 105.8% in 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. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group during the third quarter valued at about $60,000. Blue Trust Inc. boosted its holdings in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares in the last quarter. Finally, FMR LLC grew its position in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after buying an additional 3,650 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.