Life Time Group Holdings, Inc. (NYSE:LTH) Given Average Rating of “Moderate Buy” by Brokerages

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $35.62.

A number of analysts have recently issued reports on the stock. Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the stock a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company set a $28.00 price target on shares of Life Time Group and gave the company a “hold” rating in a research note on Thursday, February 27th. Northland Securities set a $39.00 price objective on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the stock a “hold” rating in a research note on Friday, March 14th. Finally, The Goldman Sachs Group boosted their price objective on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd.

Life Time Group Stock Up 3.7 %

LTH stock opened at $31.17 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 0.81 and a beta of 1.87. The business’s 50-day moving average is $30.65 and its two-hundred day moving average is $26.69. Life Time Group has a fifty-two week low of $12.34 and a fifty-two week high of $33.64.

Insider Buying and Selling

In related news, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $30.13, for a total value of $150,650,000.00. Following the transaction, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at $90,204,670.37. This 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 this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,082,147 shares of company stock worth $152,891,556 in the last three months. 8.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after acquiring an additional 3,650 shares during the last quarter. State Street Corp boosted its holdings in Life Time Group by 14.1% in the third quarter. State Street Corp now owns 1,421,790 shares of the company’s stock valued at $34,720,000 after purchasing an additional 176,154 shares during the last quarter. Jane Street Group LLC grew its position in Life Time Group by 146.8% during the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after purchasing an additional 108,283 shares during the period. Barclays PLC raised its stake in shares of Life Time Group by 119.0% during the 3rd quarter. Barclays PLC now owns 248,698 shares of the company’s stock valued at $6,073,000 after buying an additional 135,116 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Life Time Group by 11.3% in the third quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after buying an additional 152,504 shares during the last quarter. Institutional investors and hedge funds 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.