Life Time Group (NYSE:LTH) Price Target Increased to $28.50 by Analysts at Northland Securities

Life Time Group (NYSE:LTH) had its target price raised by Northland Securities from $27.00 to $28.50 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

LTH has been the topic of several other reports. Mizuho boosted their price objective on Life Time Group from $23.00 to $29.00 and gave the stock a buy rating in a research note on Monday, May 6th. The Goldman Sachs Group upped their target price on Life Time Group from $15.00 to $22.00 and gave the company a neutral rating in a research note on Friday. Craig Hallum started coverage on Life Time Group in a research note on Friday, July 19th. They set a buy rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on Life Time Group from $15.00 to $20.00 and gave the company an equal weight rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of Moderate Buy and a consensus target price of $24.93.

Life Time Group Price Performance

Shares of LTH stock traded up $1.50 during trading hours on Friday, hitting $24.12. The stock had a trading volume of 1,665,406 shares, compared to its average volume of 873,022. Life Time Group has a one year low of $11.10 and a one year high of $24.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.43 and a quick ratio of 0.31. The stock’s 50-day moving average price is $18.99 and its two-hundred day moving average price is $15.90. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 66.31, a PEG ratio of 3.92 and a beta of 1.86.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. The company had revenue of $667.80 million for the quarter, compared to analysts’ expectations of $634.92 million. During the same period in the previous year, the firm posted $0.08 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Equities analysts forecast that Life Time Group will post 0.46 EPS for the current year.

Insider Activity at Life Time Group

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

Institutional Trading of Life Time Group

A number of large investors have recently modified their holdings of LTH. Vanguard Group Inc. lifted its holdings in Life Time Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after buying an additional 78,290 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Life Time Group by 21.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock worth $47,934,000 after buying an additional 558,488 shares during the period. Hood River Capital Management LLC lifted its holdings in Life Time Group by 3,657.9% during the first quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock worth $19,524,000 after buying an additional 1,224,485 shares during the period. Wellington Management Group LLP purchased a new stake in Life Time Group during the fourth quarter worth $14,544,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Life Time Group by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,874 shares of the company’s stock worth $6,392,000 after buying an additional 5,995 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.