Life Time Group Holdings, Inc. (NYSE:LTH) Given Consensus Recommendation of “Moderate Buy” by Analysts

Life Time Group Holdings, Inc. (NYSE:LTH) has received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $31.77.

LTH has been the subject of a number of recent research reports. Northland Securities boosted their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Mizuho boosted their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Evercore ISI began coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Finally, Craig Hallum upped their price target on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd.

Life Time Group Trading Down 1.9 %

Shares of LTH opened at $32.62 on Friday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 47.27, a PEG 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. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $33.64. The firm has a 50 day moving average price of $26.48 and a 200-day moving average price of $24.94.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. The trade was a 1.77 % 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, EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total transaction of $204,300.00. Following the transaction, the executive vice president now directly owns 136,220 shares in the company, valued at approximately $4,086,600. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,147 shares of company stock valued at $2,241,556. 12.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Kapitalo Investimentos Ltda bought a new position in shares of Life Time Group in the 4th quarter worth about $33,000. Farther Finance Advisors LLC increased its stake in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares in the last quarter. R Squared Ltd bought a new position in shares of Life Time Group in the 4th quarter worth about $42,000. Sterling Capital Management LLC increased its stake in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after acquiring an additional 1,649 shares in the last quarter. 79.40% of the stock is currently owned by 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.