Life Time Group Holdings, Inc. (NYSE:LTH) Given Average Rating of “Hold” by Analysts

Life Time Group Holdings, Inc. (NYSE:LTH – Get Rating) has received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.50.

Several analysts have weighed in on the stock. Guggenheim decreased their price objective on shares of Life Time Group to $15.00 in a research note on Wednesday, November 16th. Morgan Stanley decreased their price target 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. Oppenheimer decreased 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 decreased 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. Finally, Wells Fargo & Company decreased 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.

Life Time Group Price Performance

Shares of Life Time Group stock opened at $12.81 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.36 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -7.40 and a beta of 1.21. Life Time Group has a 1-year low of $8.75 and a 1-year high of $17.80. The firm’s 50-day moving average price is $12.07 and its two-hundred day moving average price is $12.39.

Hedge Funds Weigh In On Life Time Group

Large investors have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new position in Life Time Group in the third quarter valued at approximately $30,000. Assetmark Inc. lifted its holdings in Life Time Group by 158.1% in the second quarter. Assetmark Inc. now owns 4,293 shares of the company’s stock valued at $55,000 after buying an additional 2,630 shares during the period. UBS Group AG raised its holdings in Life Time Group by 88.4% in the first quarter. UBS Group AG now owns 4,682 shares of the company’s stock worth $68,000 after purchasing an additional 2,197 shares during the period. Amalgamated Bank acquired a new stake in Life Time Group in the first quarter worth $82,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Life Time Group in the third quarter worth $55,000. 72.54% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

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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.