Shares of the company rose 8.5% on Wednesday after Guggenheim announced it would raise its price target on Life Time Group Holdings, Inc. (NYSE: LTH ) from $15.00 to $17.00. The share price fell to $16.66, down from $16.64; which reflects its price range. The number of shares traded fell 95% to 22,022 shares in midday trading compared to the average session volume of 416,678 shares. The stock last traded at $15.34 and has been there for a while.
Recent comments on the stock by other research analysts have been made in various ways and all have been considered. Morgan Stanley rated the stock an “equal weight” rating and cut their price objective on shares of Life Time Group from $16.00 to $15.00 in a research report on Friday, November 11th. The report was about the company’s investment strategy. The subject of the report was the company’s shares. Royal Bank of Canada cut their price target from $18.00 to “outperform” on shares of Life Time Group in a research note on November 10th. The new target price is $14.00. Wells Fargo & Company cut Life Time Group from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $13.00 to $12.00. Both of these changes were brought to the attention of the general public in a research note released on November 10. Oppenheimer decreased their price target on shares of Life Time Group from $40.00 to $33.00 in a research note on Thursday, November 10th. The note was submitted online. The stock has been given a sell recommendation by one equities research analyst, a hold recommendation by two analysts and a buy recommendation by three equities research analysts. The company currently has an average recommendation of “Hold” and a price target of $17.75, according to information provided by Bloomberg.
In the last few months, several prominent shareholders have revised their ownership percentages in the company they currently own. LGT Capital Partners LTD. grew its holdings in shares of Life Time Group by 3.9% in the second quarter. After buying an additional 15,000 shares during the most recent quarter, LGT Capital Partners LTD. now directly owns 400,000 shares of the company’s stock, which is currently worth $5,152,000. These shares were purchased to bring the total number of shares directly owned by LGT Capital Partners LTD. Up to 500,000. Partners Group Holding AG grew its stake in Life Time Group by purchasing an additional 3,578,000 shares during the second quarter. This brought the total number of shares it owned to 3,578,000. Versor Investments LP completed the purchase of a total of 914,000 shares of Life Time Group during the third quarter valued at $914,000. During the second quarter, Advisory Research Inc. He increased his shares in Life Time Group by 245.7%. Advisory Research Inc. now owns 73,031 shares of the company’s stock after making additional purchases adding 51,906 shares over time valued at $940,000. Swiss National Bank increased its holdings in Life Time Group by $878,000 during the second quarter. This was done in order not to leave other central banks behind. The majority of the company’s shares are owned by institutional investors and hedge funds, accounting for 72.54 percent of the total shares.
The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -9.55, and a beta value of 1.21. All these figures are determined by calculations. The stock’s simple moving average over the past fifty days is $12.25, and its simple moving average over the past two hundred days is $12.40. A quick ratio of 0.36, a current ratio of 0.46, and a debt-to-equity ratio of 0.84 are some of the calculated financial ratios.
Life Time Group Holdings, Inc. Provides a community of individual members across the United States and Canada with ample opportunities to participate in activities that benefit their health, fitness and overall health. The main focus of the company’s business operations is the planning, construction and operation of resort-style sports and athletics, professional fitness, family recreation and spa facilities in and around major metropolitan areas. These businesses cater to a wide range of user demographics, including athletes and sports enthusiasts, and offer a variety of services to meet their needs.