Morgan Stanley Increases Life Time Group (NYSE:LTH) Price Target to $30.00

Life Time Group (NYSE:LTH) had its price target upped by stock analysts at Morgan Stanley from $29.00 to $30.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential downside of 5.81% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. Oppenheimer upped their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Guggenheim restated a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Northland Securities lifted their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Finally, Mizuho lifted their price objective on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.86.

Life Time Group Stock Up 0.8 %

LTH stock opened at $31.85 on Monday. The firm has a market cap of $6.59 billion, a PE ratio of 46.23, a PEG ratio of 0.81 and a beta of 1.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group has a one year low of $11.89 and a one year high of $33.64. The firm’s 50 day moving average price is $26.85 and its 200-day moving average price is $25.08.

Insider Buying and Selling at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,147 shares of company stock valued at $2,241,556 in the last quarter. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of Life Time Group during the 4th quarter worth approximately $33,000. R Squared Ltd acquired a new position in shares of Life Time Group during the 4th quarter worth $42,000. Farther Finance Advisors LLC lifted its holdings in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Sterling Capital Management LLC increased its position in Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after buying an additional 1,821 shares in the last quarter. Finally, Quarry LP increased its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after purchasing an additional 1,649 shares in the last quarter. 79.40% of the stock is currently 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.