Northland Securities Forecasts Strong Price Appreciation for Life Time Group (NYSE:LTH) Stock

Life Time Group (NYSE:LTH) had its price objective lifted by equities researchers at Northland Securities from $29.00 to $31.50 in a report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Northland Securities’ target price would suggest a potential upside of 13.85% from the company’s current price.

LTH has been the topic of several other research reports. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI assumed 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. Finally, Wells Fargo & Company raised their target price on shares of Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $28.75.

Life Time Group Trading Up 3.9 %

NYSE LTH opened at $27.67 on Friday. Life Time Group has a one year low of $11.89 and a one year high of $27.74. 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 company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. The company’s 50-day simple moving average is $23.63 and its two-hundred day simple moving average is $23.30.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. Equities analysts forecast that Life Time Group will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $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. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently bought and sold shares of LTH. Park Avenue Securities LLC acquired a new stake in Life Time Group during the 4th quarter valued at approximately $542,000. Moody National Bank Trust Division lifted its position in Life Time Group by 1.0% during the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after purchasing an additional 911 shares during the period. JPMorgan Chase & Co. boosted its holdings in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares during the last quarter. Principal Financial Group Inc. grew its position in Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock worth $89,045,000 after purchasing an additional 46,710 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Life Time Group during the 3rd quarter valued at about $31,575,000. 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.