Mizuho Raises Life Time Group (NYSE:LTH) Price Target to $38.00

Life Time Group (NYSE:LTH) had its target price lifted by equities researchers at Mizuho from $32.00 to $38.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 32.52% from the company’s current price.

A number of other equities research analysts have also weighed in on LTH. Craig Hallum upped their target price on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. 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. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Northland Securities increased their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Finally, Morgan Stanley lifted their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $31.77.

Life Time Group Trading Up 0.3 %

LTH opened at $28.68 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group has a twelve month low of $11.89 and a twelve month high of $28.92. The company has a 50-day simple moving average of $24.05 and a 200 day simple moving average of $23.60. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 41.56, a P/E/G ratio of 0.71 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 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 for the quarter, compared to the consensus estimate of $684.13 million. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. Analysts predict that Life Time Group will post 0.74 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 company’s stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at $4,790,650. This represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 241,596 shares of company stock valued at $6,113,448. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of institutional investors have recently modified their holdings of LTH. Farther Finance Advisors LLC increased its position in shares of Life Time Group by 105.8% during the third 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 during the period. R Squared Ltd bought a new stake in Life Time Group during the 4th quarter worth approximately $42,000. Amalgamated Bank lifted its stake in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Life Time Group in the 3rd quarter valued at $60,000. Finally, Blue Trust Inc. grew its position in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after purchasing an additional 2,280 shares in 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.