Morgan Stanley Boosts Life Time Group (NYSE:LTH) Price Target to $30.00

Life Time Group (NYSE:LTH) had its target price raised by Morgan Stanley from $29.00 to $30.00 in a report published on Monday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Oppenheimer boosted their price target on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Northland Securities increased their target price on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Mizuho lifted their price target on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Finally, Craig Hallum upped their price target on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.86.

Life Time Group Stock Up 2.2 %

Shares of NYSE:LTH opened at $31.55 on Monday. Life Time Group has a 1 year low of $12.07 and a 1 year high of $33.64. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The business’s 50-day moving average is $27.35 and its 200-day moving average is $25.23. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 0.81 and a beta of 1.94.

Insider Transactions at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This represents a 11.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,147 shares of company stock valued at $2,241,556 over the last ninety days. 12.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently modified their holdings of LTH. Kapitalo Investimentos Ltda bought a new stake in Life Time Group during the fourth quarter worth $33,000. R Squared Ltd bought a new stake in shares of Life Time Group during the 4th quarter worth $42,000. Farther Finance Advisors LLC boosted its holdings in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the last quarter. Sterling Capital Management LLC grew its position in Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after buying an additional 1,821 shares during the period. Finally, Quarry LP increased its holdings in Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after buying an additional 1,649 shares during the last quarter. 79.40% of the stock is 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.