Life Time Group (NYSE:LTH) Price Target Raised to $32.00 at The Goldman Sachs Group

Life Time Group (NYSE:LTH) had its price objective raised by The Goldman Sachs Group from $22.00 to $32.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

LTH has been the subject of a number of other reports. Guggenheim boosted their price target on shares of Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Friday. Northland Securities boosted their price target on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Morgan Stanley boosted their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Mizuho boosted their price target on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Evercore ISI assumed coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.59.

Life Time Group Trading Up 3.2 %

Shares of LTH stock opened at $31.43 on Monday. The company’s fifty day simple moving average is $27.88 and its two-hundred day simple moving average is $25.43. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 45.55, a PEG ratio of 0.81 and a beta of 1.94.

Insider Buying and Selling

In other Life Time Group news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. This represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, 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. Over the last ninety days, insiders sold 5,082,147 shares of company stock worth $152,891,556. Corporate insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its position in Life Time Group by 146.8% during the third quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock valued at $4,446,000 after buying an additional 108,283 shares during the period. Franklin Resources Inc. bought a new position in shares of Life Time Group during the third quarter valued at about $593,000. Quadrature Capital Ltd bought a new position in shares of Life Time Group during the third quarter valued at about $697,000. JPMorgan Chase & Co. raised its stake in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after acquiring an additional 356,255 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 acquiring an additional 906 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.