Life Time Group (NYSE:LTH) Price Target Cut to $15.00

Life Time Group (NYSE:LTH) had its price target reduced by stock analysts at Wells Fargo & Company from $16.00 to $15.00 in a report released on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 6.01% from the company’s previous close.

Several other brokerages have also recently issued reports on LTH. Northland Securities started coverage on Life Time Group in a research report on Tuesday, April 23rd. They set an “outperform” rating and a $23.00 target price on the stock. Royal Bank of Canada raised their price objective on Life Time Group from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. TheStreet upgraded shares of Life Time Group from a “d+” rating to a “c-” rating in a report on Tuesday, January 23rd. Finally, Mizuho lowered their price target on shares of Life Time Group from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.71.

Life Time Group Stock Up 0.1 %

Shares of LTH traded up $0.02 during midday trading on Thursday, reaching $14.15. 866,469 shares of the stock were exchanged, compared to its average volume of 739,336. The company has a market capitalization of $2.78 billion, a P/E ratio of 39.31, a PEG ratio of 8.42 and a beta of 1.76. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.82. Life Time Group has a 52 week low of $11.10 and a 52 week high of $22.41. The company’s 50 day moving average is $14.28 and its two-hundred day moving average is $14.15.

Life Time Group (NYSE:LTH) last posted its earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.10. Life Time Group had a net margin of 3.19% and a return on equity of 4.42%. The business had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, sell-side analysts anticipate that Life Time Group will post 0.47 earnings per share for the current year.

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of Life Time Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares in the company, valued at $2,742,700.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total value of $147,369.08. Following the completion of the transaction, the executive vice president now directly owns 201,521 shares in the company, valued at $2,742,700.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Erik Weaver sold 5,269 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total value of $67,285.13. Following the completion of the sale, the chief financial officer now owns 86,967 shares in the company, valued at approximately $1,110,568.59. The disclosure for this sale can be found here. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new position in Life Time Group during the third quarter valued at approximately $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Life Time Group by 62.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after purchasing an additional 4,330 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Life Time Group by 16.3% in the 3rd quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after purchasing an additional 1,702 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Life Time Group during the fourth quarter worth $213,000. Finally, Victory Capital Management Inc. acquired a new stake in Life Time Group during the third quarter valued at $217,000. Institutional investors and hedge funds 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.