Life Time Group (NYSE:LTH) Given New $15.00 Price Target at Wells Fargo & Company

Life Time Group (NYSE:LTH) had its target price reduced by Wells Fargo & Company from $16.00 to $15.00 in a report released on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Mizuho decreased their price objective on shares of Life Time Group from $26.00 to $23.00 and set a buy rating for the company in a research report on Monday, March 4th. TheStreet raised Life Time Group from a d+ rating to a c- rating in a research report on Tuesday, January 23rd. Royal Bank of Canada raised their target price on Life Time Group from $18.00 to $20.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. Finally, Northland Securities started coverage on Life Time Group in a report on Tuesday, April 23rd. They issued an outperform rating and a $23.00 price target for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $19.71.

Life Time Group Stock Up 0.1 %

Shares of Life Time Group stock traded up $0.02 during trading hours on Thursday, reaching $14.15. 866,469 shares of the company were exchanged, compared to its average volume of 739,336. The firm has a market cap of $2.78 billion, a PE ratio of 39.31, a PEG ratio of 8.42 and a beta of 1.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.22 and a current ratio of 0.31. Life Time Group has a 1 year low of $11.10 and a 1 year high of $22.41. The stock’s fifty day moving average is $14.28 and its 200 day moving average is $14.15.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.10. The company had revenue of $558.80 million for the quarter, compared to the consensus estimate of $555.51 million. Life Time Group had a return on equity of 4.42% and a net margin of 3.19%. Life Time Group’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. As a group, equities research analysts forecast that Life Time Group will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the completion of the sale, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at approximately $2,742,700.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Erik Weaver sold 5,269 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $12.77, for a total transaction of $67,285.13. Following the transaction, the chief financial officer now directly owns 86,967 shares in the company, valued at $1,110,568.59. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 10,828 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $13.61, for a total transaction of $147,369.08. Following the transaction, the executive vice president now directly owns 201,521 shares of the company’s stock, valued at $2,742,700.81. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale purchased a new position in shares of Life Time Group in the 3rd quarter valued at about $27,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Life Time Group by 62.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,306 shares of the company’s stock valued at $172,000 after buying an additional 4,330 shares in the last quarter. Assetmark Inc. increased its holdings in Life Time Group by 16.3% in the third quarter. Assetmark Inc. now owns 12,172 shares of the company’s stock valued at $185,000 after buying an additional 1,702 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Life Time Group during the 4th quarter valued at approximately $213,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Life Time Group during the 3rd quarter worth approximately $217,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.