Life Time Group (NYSE:LTH) Given New $38.00 Price Target at Morgan Stanley

Life Time Group (NYSE:LTH) had its price objective boosted by Morgan Stanley from $37.00 to $38.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Guggenheim reissued a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Zacks Research downgraded Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.85.

Life Time Group Stock Performance

Shares of LTH opened at $28.41 on Monday. Life Time Group has a 12-month low of $24.14 and a 12-month high of $34.99. The stock has a market cap of $6.26 billion, a P/E ratio of 22.02, a PEG ratio of 0.76 and a beta of 1.68. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $28.06 and a two-hundred day moving average of $27.28.

Insiders Place Their Bets

In other news, EVP Eric J. Buss sold 162,722 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares in the company, valued at $10,674,351.32. This trade represents a 29.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Erik Weaver sold 1,493 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the transaction, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,670 shares of company stock valued at $7,234,567 in the last quarter. 8.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the last quarter. Wexford Capital LP purchased a new position in Life Time Group during the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Life Time Group by 2,741.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after buying an additional 1,645 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.