Wells Fargo & Company Raises Life Time Group (NYSE:LTH) Price Target to $20.00

Life Time Group (NYSE:LTH) had its price target increased by Wells Fargo & Company from $15.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential downside of 3.98% from the stock’s current price.

A number of other brokerages also recently weighed in on LTH. Mizuho increased their price target on shares of Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, May 6th. Craig Hallum started coverage on Life Time Group in a research note on Friday, July 19th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Northland Securities lifted their price objective on Life Time Group from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.86.

Life Time Group Stock Up 1.1 %

Shares of LTH stock traded up $0.22 on Wednesday, hitting $20.83. The company’s stock had a trading volume of 269,901 shares, compared to its average volume of 794,353. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 57.78, a P/E/G ratio of 3.65 and a beta of 1.86. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $21.56. The firm’s fifty day moving average price is $18.54 and its 200-day moving average price is $15.68. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.43 and a quick ratio of 0.31.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Life Time Group had a return on equity of 4.38% and a net margin of 3.19%. The company had revenue of $596.72 million during the quarter, compared to the consensus estimate of $588.57 million. Research analysts anticipate that Life Time Group will post 0.46 EPS for the current year.

Insider Buying and Selling at Life Time Group

In other news, CEO Bahram Akradi acquired 39,000 shares of Life Time Group stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $16.76 per share, with a total value of $653,640.00. Following the acquisition, the chief executive officer now owns 1,414,613 shares in the company, valued at $23,708,913.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Hedge funds have recently added to or reduced their stakes in the company. Braun Stacey Associates Inc. bought a new position in Life Time Group in the second quarter valued at approximately $7,486,000. Bank of New York Mellon Corp increased its position in shares of Life Time Group by 31.2% in the second quarter. Bank of New York Mellon Corp now owns 262,760 shares of the company’s stock valued at $4,948,000 after acquiring an additional 62,466 shares during the last quarter. Dnca Finance bought a new stake in Life Time Group during the second quarter worth about $72,000. SG Americas Securities LLC acquired a new position in Life Time Group during the second quarter valued at approximately $141,000. Finally, Sona Asset Management US LLC bought a new position in Life Time Group in the first quarter valued at approximately $5,044,000. Institutional investors own 79.40% of the company’s stock.

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.