Life Time Group (NYSE:LTH) Given New $45.00 Price Target at Craig Hallum

Life Time Group (NYSE:LTH) had its price objective raised by Craig Hallum from $40.00 to $45.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on LTH. Oppenheimer raised their price objective 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. Wells Fargo & Company raised their price objective on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Morgan Stanley raised their price objective on Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Northland Securities raised their price objective on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday, January 17th. Finally, Guggenheim reissued a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $32.68.

Life Time Group Stock Down 2.7 %

Shares of Life Time Group stock opened at $30.44 on Friday. The stock has a 50-day simple moving average of $27.69 and a 200-day simple moving average of $25.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a 52-week low of $12.34 and a 52-week high of $33.64. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 44.12, a P/E/G ratio of 0.81 and a beta of 1.94.

Insider Transactions at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 6,810 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total transaction of $204,300.00. Following the sale, the executive vice president now owns 136,220 shares of the company’s stock, valued at approximately $4,086,600. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. The trade was a 1.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,147 shares of company stock valued at $2,241,556. 12.50% of the stock is owned by corporate insiders.

Institutional Trading of Life Time Group

Institutional investors have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda acquired a new stake in Life Time Group in the 4th quarter valued at $33,000. Farther Finance Advisors LLC boosted its stake in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares in the last quarter. R Squared Ltd acquired a new stake in Life Time Group in the 4th quarter valued at $42,000. Sterling Capital Management LLC boosted its stake in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after buying an additional 1,821 shares in the last quarter. Finally, Quarry LP boosted its stake 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 buying an additional 1,649 shares in the last quarter. 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.