Royal Bank of Canada Increases Life Time Group (NYSE:LTH) Price Target to $27.00

Life Time Group (NYSE:LTH) had its target price increased by Royal Bank of Canada from $20.00 to $27.00 in a research note published on Friday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

LTH has been the topic of a number of other reports. Craig Hallum began coverage on Life Time Group in a research note on Friday, July 19th. They issued a buy rating and a $30.00 target price on the stock. Mizuho raised their target price on Life Time Group from $23.00 to $29.00 and gave the company a buy rating in a research note on Monday, May 6th. The Goldman Sachs Group raised their price target on Life Time Group from $15.00 to $22.00 and gave the company a neutral rating in a report on Friday. Wells Fargo & Company raised their price target on Life Time Group from $15.00 to $20.00 and gave the company an equal weight rating in a report on Wednesday. Finally, Northland Securities raised their price target on Life Time Group from $27.00 to $28.50 and gave the company an outperform rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $24.93.

Life Time Group Stock Performance

LTH stock opened at $22.35 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.31 and a current ratio of 0.43. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 62.08, a PEG ratio of 3.92 and a beta of 1.86. Life Time Group has a 1 year low of $11.10 and a 1 year high of $23.89. The stock’s fifty day moving average is $18.86 and its two-hundred day moving average is $15.82.

Life Time Group (NYSE:LTH) last posted its earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The company had revenue of $596.72 million for the quarter, compared to analysts’ expectations of $588.57 million. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. On average, research analysts predict that Life Time Group will post 0.46 EPS for the current year.

Insider Buying and Selling

In other news, CEO Bahram Akradi bought 39,000 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $16.76 per share, with a total value of $653,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,414,613 shares in the company, valued at $23,708,913.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dnca Finance acquired a new position in Life Time Group during the second quarter worth about $72,000. SG Americas Securities LLC acquired a new position in shares of Life Time Group in the 2nd quarter valued at $141,000. Entropy Technologies LP acquired a new position in shares of Life Time Group in the 1st quarter valued at $198,000. Price T Rowe Associates Inc. MD boosted its position in shares of Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock valued at $199,000 after purchasing an additional 1,866 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Life Time Group in the 4th quarter valued at $213,000. 79.40% of the stock is owned by institutional investors and hedge funds.

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.