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

Life Time Group (NYSE:LTH) had its price target boosted by analysts at Mizuho from $38.00 to $41.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 36.14% from the stock’s previous close.

A number of other analysts have also recently weighed in on LTH. Northland Securities boosted their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company boosted their price target on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Oppenheimer boosted their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Craig Hallum boosted their price target on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Morgan Stanley boosted their price target on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $33.86.

Life Time Group Price Performance

LTH opened at $30.12 on Wednesday. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 43.65, a PEG ratio of 0.81 and a beta of 1.93. Life Time Group has a 1 year low of $12.34 and a 1 year high of $33.64. 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 stock has a fifty day moving average price of $28.42 and a 200 day moving average price of $25.57.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $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 5,082,147 shares of company stock worth $152,891,556 over the last three months. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LTH. Marshall Wace LLP boosted its holdings in shares of Life Time Group by 7,344.2% in the 4th quarter. Marshall Wace LLP now owns 1,361,032 shares of the company’s stock worth $30,106,000 after acquiring an additional 1,342,749 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Life Time Group during the 3rd quarter worth $31,575,000. Norges Bank acquired a new position in Life Time Group during the 4th quarter worth $19,198,000. Loomis Sayles & Co. L P lifted its holdings in Life Time Group by 33.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after buying an additional 758,757 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Life Time Group by 61.9% during the 4th quarter. American Century Companies Inc. now owns 1,924,461 shares of the company’s stock worth $42,569,000 after buying an additional 735,682 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

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.