Life Time Group (NYSE:LTH – Free Report) 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.
View Our Latest Research Report on Life Time Group
Life Time Group Price Performance
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.
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