Life Time Group (NYSE:LTH) Sees Large Volume Increase Following Analyst Upgrade

Life Time Group Holdings, Inc. (NYSE:LTH) saw an uptick in trading volume on Friday after Guggenheim raised their price target on the stock from $32.00 to $36.00. Guggenheim currently has a buy rating on the stock. 1,980,845 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 1,856,148 shares.The stock last traded at $30.48 and had previously closed at $31.30.

LTH has been the subject of a number of other reports. Oppenheimer lifted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Mizuho lifted their target price on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Wells Fargo & Company lifted their price objective on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, Craig Hallum increased their target price on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.68.

Insider Transactions at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the transaction, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,147 shares of company stock worth $2,241,556 in the last three months. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Life Time Group during the 4th quarter worth $5,619,000. PharVision Advisers LLC acquired a new position in shares of Life Time Group in the 4th quarter worth $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Life Time Group by 34.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 134,939 shares of the company’s stock worth $2,985,000 after buying an additional 34,727 shares during the period. Squarepoint Ops LLC raised its stake in Life Time Group by 413.3% during the 4th quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after purchasing an additional 169,402 shares during the period. Finally, Two Sigma Advisers LP purchased a new position in Life Time Group during the 4th quarter valued at about $1,478,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Stock Performance

The firm’s fifty day moving average price is $27.69 and its 200 day moving average price is $25.35. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $6.30 billion, a PE ratio of 44.12, a PEG ratio of 0.81 and a beta of 1.94.

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.