Wells Fargo & Company Boosts Life Time Group (NYSE:LTH) Price Target to $28.00

Life Time Group (NYSE:LTH) had its price target lifted by Wells Fargo & Company from $26.00 to $28.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 1.20% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Guggenheim reiterated a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a report on Friday. Northland Securities raised their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday. 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 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Life Time Group Stock Up 3.9 %

Life Time Group stock opened at $27.67 on Friday. The firm has a 50 day moving average price of $23.63 and a two-hundred day moving average price of $23.30. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group has a 52-week low of $11.89 and a 52-week high of $27.74. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same quarter in the previous year, the firm earned $0.09 EPS. Life Time Group’s quarterly revenue was up 18.5% on a year-over-year basis. Equities analysts predict that Life Time Group will post 0.56 EPS for the current year.

Insider Transactions at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. Rhumbline Advisers boosted its stake in shares of Life Time Group by 32.7% in the 2nd quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock worth $1,745,000 after buying an additional 22,836 shares during the last quarter. American Century Companies Inc. boosted its position in Life Time Group by 402.6% in the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares during the period. Amalgamated Bank increased its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Life Time Group during the 2nd quarter worth $905,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.