Life Time Group Holdings, Inc. (NYSE:LTH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.86.

Several equities research analysts have recently commented on LTH shares. Craig Hallum lifted their price target on shares of Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Northland Securities boosted their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Finally, Oppenheimer boosted their price objective on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd.

Insider Transactions at Life Time Group

In other Life Time Group news, CEO Bahram Akradi sold 5,000,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $30.13, for a total transaction of $150,650,000.00. Following the sale, the chief executive officer now directly owns 2,993,849 shares of the company’s stock, valued at approximately $90,204,670.37. This represents a 62.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the sale, the chief financial officer now directly owns 96,361 shares in the company, valued at $2,854,212.82. This trade 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 5,082,147 shares of company stock valued at $152,891,556 over the last 90 days. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

Several large investors have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Life Time Group in the fourth quarter valued at about $5,619,000. PharVision Advisers LLC acquired a new position in shares of Life Time Group in the fourth quarter valued at about $209,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 valued at $2,985,000 after acquiring an additional 34,727 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Life Time Group by 413.3% in the fourth quarter. Squarepoint Ops LLC now owns 210,391 shares of the company’s stock valued at $4,654,000 after acquiring an additional 169,402 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Life Time Group in the fourth quarter valued at about $1,478,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Trading Up 5.6 %

Shares of NYSE LTH opened at $30.35 on Tuesday. Life Time Group has a 1-year low of $12.34 and a 1-year high of $33.64. The company has a 50-day moving average of $29.31 and a two-hundred day moving average of $25.82. 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 company has a market cap of $6.36 billion, a PE ratio of 43.99, a P/E/G ratio of 0.81 and a beta of 1.93.

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.