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

Life Time Group (NYSE:LTH) had its target price boosted by Mizuho from $23.00 to $29.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on LTH. TheStreet upgraded Life Time Group from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Northland Securities started coverage on 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. Royal Bank of Canada boosted their price objective on Life Time Group from $18.00 to $20.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. Finally, Wells Fargo & Company decreased their target price on Life Time Group from $16.00 to $15.00 and set an equal weight rating for the company in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Life Time Group presently has an average rating of Moderate Buy and a consensus price target of $20.57.

Life Time Group Price Performance

Shares of LTH traded up $0.03 during midday trading on Monday, hitting $14.81. The company’s stock had a trading volume of 9,353 shares, compared to its average volume of 763,522. The company’s fifty day simple moving average is $14.37 and its two-hundred day simple moving average is $14.13. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 41.06, a price-to-earnings-growth ratio of 8.74 and a beta of 1.76. Life Time Group has a one year low of $11.10 and a one year high of $22.41. 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 issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a net margin of 3.19% and a return on equity of 4.42%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. As a group, equities analysts expect that Life Time Group will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Life Time Group

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in Life Time Group by 1,443.3% during the first quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock worth $1,148,000 after purchasing an additional 69,192 shares during the period. GSA Capital Partners LLP lifted its stake in Life Time Group by 13.2% in the first quarter. GSA Capital Partners LLP now owns 60,856 shares of the company’s stock valued at $944,000 after buying an additional 7,101 shares during the last quarter. Capstone Investment Advisors LLC increased its position in Life Time Group by 52.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 23,679 shares of the company’s stock valued at $367,000 after acquiring an additional 8,098 shares during the period. Moody National Bank Trust Division lifted its position in Life Time Group by 51.7% in the first quarter. Moody National Bank Trust Division now owns 102,167 shares of the company’s stock worth $1,586,000 after purchasing an additional 34,838 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Life Time Group by 35.2% in the fourth quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock valued at $96,530,000 after buying an additional 1,665,006 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Company Profile

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.