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

Life Time Group (NYSE:LTH) had its price objective upped by Wells Fargo & Company from $15.00 to $20.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts also recently weighed in on the stock. Northland Securities raised their price target on shares of Life Time Group from $23.00 to $27.00 and gave the company an outperform rating in a report on Wednesday, July 24th. Craig Hallum initiated coverage on Life Time Group in a report on Friday, July 19th. They set a buy rating and a $30.00 target price on the stock. Finally, Mizuho increased their price objective on Life Time Group from $23.00 to $29.00 and gave the company a buy rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $24.93.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $22.35 on Wednesday. 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 has a one year low of $11.10 and a one year high of $23.89. The business’s 50-day moving average price is $18.86 and its two-hundred day moving average price is $15.83. The company has a market capitalization of $4.44 billion, a P/E ratio of 62.08, a price-to-earnings-growth ratio of 3.92 and a beta of 1.86.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $596.72 million for the quarter, compared to the consensus estimate of $588.57 million. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. Analysts anticipate that Life Time Group will post 0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Life Time Group by 35.2% during the 4th quarter. Vanguard Group Inc. now owns 6,401,206 shares of the company’s stock worth $96,530,000 after purchasing an additional 1,665,006 shares in the last quarter. Hood River Capital Management LLC increased its holdings in Life Time Group by 3,657.9% in the 1st quarter. Hood River Capital Management LLC now owns 1,257,960 shares of the company’s stock valued at $19,524,000 after buying an additional 1,224,485 shares during the period. Wellington Management Group LLP acquired a new position in shares of Life Time Group in the 4th quarter valued at $14,544,000. Dimensional Fund Advisors LP lifted its holdings in shares of Life Time Group by 21.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,178,654 shares of the company’s stock worth $47,934,000 after acquiring an additional 558,488 shares during the period. Finally, Braun Stacey Associates Inc. acquired a new stake in shares of Life Time Group during the 2nd quarter valued at about $7,486,000. 79.40% of the stock is currently owned by 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.