Life Time Group (NYSE:LTH) Given New $30.00 Price Target at Morgan Stanley

Life Time Group (NYSE:LTH) had its target price upped by equities researchers at Morgan Stanley from $29.00 to $30.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 5.81% from the company’s previous close.

A number of other research firms have also recently commented on LTH. Craig Hallum lifted their target price on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Mizuho upped their target price on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Guggenheim reaffirmed a “buy” rating and set a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Northland Securities lifted their target price 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.86.

Life Time Group Trading Up 0.8 %

Life Time Group stock opened at $31.85 on Monday. Life Time Group has a one year low of $11.89 and a one year high of $33.64. The stock has a market cap of $6.59 billion, a PE ratio of 46.23, a price-to-earnings-growth 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. The stock has a 50-day moving average of $26.85 and a two-hundred day moving average of $25.08.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 owns 143,030 shares in the company, valued at $4,004,840. This trade represents a 25.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,147 shares of company stock worth $2,241,556. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Large investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in Life Time Group during the 4th quarter worth $33,000. R Squared Ltd purchased a new position in shares of Life Time Group in the fourth quarter worth about $42,000. Farther Finance Advisors LLC boosted its position in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the last quarter. Sterling Capital Management LLC grew its stake in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Quarry LP raised its holdings in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after acquiring an additional 1,649 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.