Life Time Group (NYSE:LTH) Price Target Raised to $29.00

Life Time Group (NYSE:LTH) had its target price increased by equities research analysts at Mizuho from $23.00 to $29.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Mizuho’s target price points to a potential upside of 92.18% from the company’s current price.

A number of other equities analysts also recently commented on the company. TheStreet upgraded Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Life Time Group from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, May 2nd. Royal Bank of Canada lifted their target price on shares of Life Time Group from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Northland Securities assumed coverage on shares of Life Time Group in a research note on Tuesday, April 23rd. They issued an “outperform” rating and a $23.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.57.

Life Time Group Trading Up 2.1 %

Shares of LTH opened at $15.09 on Monday. The firm has a fifty day simple moving average of $14.42 and a two-hundred day simple moving average of $14.13. Life Time Group has a twelve month low of $11.10 and a twelve month high of $22.41. The stock has a market capitalization of $2.97 billion, a P/E ratio of 41.92, a PEG ratio of 8.74 and a beta of 1.76. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.82.

Life Time Group (NYSE:LTH) last posted its earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to analysts’ expectations of $555.51 million. Life Time Group had a return on equity of 4.42% and a net margin of 3.19%. Life Time Group’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. On average, research analysts anticipate that Life Time Group will post 0.45 EPS for the current year.

Insider Buying and Selling

In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the transaction, the executive vice president now directly owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Erik Weaver sold 5,269 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the transaction, the chief financial officer now owns 86,967 shares of the company’s stock, valued at $1,110,568.59. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Life Time Group

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new stake in Life Time Group in the third quarter worth approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Life Time Group by 62.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock worth $172,000 after buying an additional 4,330 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Life Time Group by 16.3% in the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock worth $185,000 after acquiring an additional 1,702 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Life Time Group during the fourth quarter valued at $213,000. Finally, Victory Capital Management Inc. bought a new position in Life Time Group in the third quarter valued at about $217,000. 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.