Life Time Group (NYSE:LTH) PT Lowered to $15.00

Life Time Group (NYSE:LTHGet Rating) had its price objective cut by investment analysts at Guggenheim to $15.00 in a research report issued on Wednesday, Stock Target Advisor reports. Guggenheim’s price target indicates a potential upside of 18.02% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Oppenheimer cut their price target on shares of Life Time Group from $40.00 to $33.00 in a research note on Thursday, November 10th. Royal Bank of Canada cut their price target on shares of Life Time Group from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Thursday, November 10th. Wells Fargo & Company cut their price target on shares of Life Time Group from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Thursday, November 10th. Morgan Stanley dropped their price objective on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, November 11th. Finally, Mizuho dropped their price objective on shares of Life Time Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.50.

Life Time Group Price Performance

Life Time Group stock opened at $12.71 on Wednesday. The stock has a market cap of $2.47 billion and a P/E ratio of -7.35. The company has a fifty day simple moving average of $10.75 and a 200-day simple moving average of $12.82. Life Time Group has a 12-month low of $8.75 and a 12-month high of $23.37. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LTH. Envestnet Asset Management Inc. increased its stake in shares of Life Time Group by 9.2% during the first quarter. Envestnet Asset Management Inc. now owns 54,023 shares of the company’s stock worth $785,000 after acquiring an additional 4,558 shares during the period. New York State Common Retirement Fund boosted its holdings in Life Time Group by 11.0% during the first quarter. New York State Common Retirement Fund now owns 100,085 shares of the company’s stock worth $1,455,000 after buying an additional 9,952 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Life Time Group by 10.4% during the first quarter. Principal Financial Group Inc. now owns 3,648,969 shares of the company’s stock worth $53,056,000 after buying an additional 342,958 shares in the last quarter. Hawk Ridge Capital Management LP purchased a new stake in Life Time Group during the first quarter worth about $2,880,000. Finally, Marks Group Wealth Management Inc purchased a new stake in Life Time Group during the first quarter worth about $150,000. 72.67% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

(Get Rating)

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 sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.

Read More

Stock Target Advisor logo

Analyst Recommendations for Life Time Group (NYSE:LTH)

Receive News & Ratings for Life Time Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Time Group and related companies with MarketBeat.com's FREE daily email newsletter.