Guggenheim Increases Life Time Group (NYSE:LTH) Price Target to $36.00

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

Several other research firms have also recently commented on LTH. Evercore ISI started coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Northland Securities boosted their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Craig Hallum upped their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company lifted their target price on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Oppenheimer boosted their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.68.

Life Time Group Stock Performance

Shares of LTH stock opened at $30.44 on Friday. 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 52 week low of $12.34 and a 52 week high of $33.64. The company’s 50 day moving average price is $27.69 and its two-hundred day moving average price is $25.35. The company has a market capitalization of $6.30 billion, a P/E ratio of 44.12, a price-to-earnings-growth ratio of 0.81 and a beta of 1.94.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’s stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock worth $2,241,556 in the last 90 days. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC lifted its holdings in Life Time Group by 105.8% during the 3rd 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 during the last quarter. R Squared Ltd bought a new position in Life Time Group during the fourth quarter worth $42,000. Sterling Capital Management LLC increased its holdings in shares of Life Time Group by 892.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Quarry LP raised its position in shares of Life Time Group by 240.4% in the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after purchasing an additional 1,649 shares during the period. 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.