Guggenheim Issues Positive Forecast for Life Time Group (NYSE:LTH) Stock Price

Life Time Group (NYSE:LTH) had its price target hoisted by investment analysts at Guggenheim from $32.00 to $36.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Guggenheim’s target price suggests a potential upside of 18.27% from the company’s previous close.

LTH has been the subject of several other research reports. Mizuho increased their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Craig Hallum increased their price target on Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Morgan Stanley increased their target price on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Finally, Northland Securities boosted their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.68.

Life Time Group Stock Performance

Life Time Group stock opened at $30.44 on Friday. The stock has a market cap of $6.30 billion, a PE ratio of 44.12, a P/E/G ratio of 0.81 and a beta of 1.94. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group has a 12-month low of $12.34 and a 12-month high of $33.64. The business’s 50-day moving average price is $27.69 and its two-hundred day moving average price is $25.35.

Insider Activity at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of Life Time Group 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 transaction, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $625,000.00. Following the sale, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,147 shares of company stock worth $2,241,556 over the last ninety days. Insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in shares of Life Time Group by 146.8% in the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after acquiring an additional 108,283 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Life Time Group in the third quarter worth $593,000. Quadrature Capital Ltd bought a new stake in Life Time Group in the third quarter valued at $697,000. JPMorgan Chase & Co. raised its holdings in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Life Time Group by 105.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

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.