Life Time Group (NYSE:LTH) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Life Time Group (NYSE:LTH) had its price target lifted by analysts at Wells Fargo & Company from $26.00 to $28.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 5.29% from the stock’s previous close.

Several other research firms have also recently weighed in on LTH. Northland Securities lifted their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday. Evercore ISI began coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Guggenheim reiterated a “buy” rating and issued a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research report on Friday. Finally, Morgan Stanley boosted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Life Time Group Stock Performance

Life Time Group stock opened at $26.59 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The company has a market cap of $5.50 billion, a P/E ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $27.26. The firm’s 50 day simple moving average is $23.54 and its 200-day simple moving average is $23.19.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the previous year, the company earned $0.09 EPS. Life Time Group’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities research analysts predict that Life Time Group will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares in the company, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after purchasing an additional 770,766 shares during the period. Principal Financial Group Inc. grew its holdings in Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after buying an additional 46,710 shares during the last quarter. JPMorgan Chase & Co. increased its position in Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after buying an additional 356,255 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after buying an additional 758,757 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its position in shares of Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after acquiring an additional 553,881 shares during the period. 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.