Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Northland Securities Analyst Says

Life Time Group (NYSE:LTH) had its price objective lifted by equities researchers at Northland Securities from $29.00 to $31.50 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Northland Securities’ target price indicates a potential upside of 13.85% from the company’s previous close.

LTH has been the topic of a number of other reports. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price target on the stock. Wells Fargo & Company boosted their target price on Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley raised their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average target price of $28.75.

Life Time Group Trading Up 3.9 %

NYSE:LTH opened at $27.67 on Friday. The company has a market cap of $5.73 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. Life Time Group has a 12 month low of $11.89 and a 12 month high of $27.74. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $23.63 and a two-hundred day simple moving average of $23.30.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same quarter last year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. Research analysts forecast that Life Time Group will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Parham Javaheri sold 168,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares during the period. Amalgamated Bank grew its holdings in shares of Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Life Time Group in the 3rd quarter worth about $60,000. Blue Trust Inc. lifted its holdings in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares in the last quarter. Finally, FMR LLC boosted its position in 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 buying an additional 3,650 shares during the period. Hedge funds and other institutional investors 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.