Life Time Group Holdings, Inc. (NYSE:LTH) Receives $33.86 Consensus PT from Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $33.86.

A number of brokerages recently issued reports on LTH. Oppenheimer raised their target price on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group lifted their price objective on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Guggenheim lifted their price objective on Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Mizuho lifted their price objective on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Finally, Craig Hallum lifted their price objective on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 28th.

Insider Activity

In other news, CEO Bahram Akradi sold 5,000,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares in the company, valued at $90,204,670.37. This trade represents a 62.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock worth $152,891,556 in the last ninety days. Company insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in Life Time Group by 17.7% in the 4th quarter. California State Teachers Retirement System now owns 66,385 shares of the company’s stock worth $1,468,000 after buying an additional 9,964 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Life Time Group in the 4th quarter worth about $5,619,000. PharVision Advisers LLC acquired a new stake in Life Time Group in the 4th quarter worth about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Life Time Group by 34.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock worth $2,985,000 after buying an additional 34,727 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Life Time Group by 413.3% in the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock worth $4,654,000 after buying an additional 169,402 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Stock Performance

Shares of LTH stock opened at $30.96 on Tuesday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The business has a fifty day moving average of $29.75 and a 200 day moving average of $25.93. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64.

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.