Life Time Group (NYSE:LTH) Price Target Raised to $32.00

Life Time Group (NYSE:LTH) had its target price increased by The Goldman Sachs Group from $22.00 to $32.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Morgan Stanley increased their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. 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 note on Friday, January 17th. Guggenheim increased their price target on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday. Oppenheimer increased their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.59.

Life Time Group Price Performance

LTH stock opened at $31.43 on Monday. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. The company has a market cap of $6.51 billion, a P/E ratio of 45.55, a PEG ratio of 0.81 and a beta of 1.94. The firm has a 50-day moving average of $27.88 and a 200 day moving average of $25.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the sale, the executive vice president now owns 143,030 shares in the company, valued at $4,004,840. This represents a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,082,147 shares of company stock worth $152,891,556. 12.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors have recently made changes to their positions in the company. Dnca Finance grew its holdings in shares of Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after buying an additional 407 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after purchasing an additional 712 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 worth $4,865,000 after purchasing an additional 788 shares during the last quarter. Farther Finance Advisors LLC boosted 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 during the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after purchasing an additional 911 shares during the last quarter. Hedge funds and other 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.