Life Time Group PT (NYSE: LTH ) rose to $17.00

Life Time Group (NYSE:LTH) had its price objective raised by analysts at Guggenheim from $15.00 to $17.00 by The Fly on Wednesday. Before that, the price target was set at $15. Compared to the price at which the stock is currently trading, Guggenheim’s price target for itself represents a potential upside of 6.72 percent.

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 as an “equal weight” 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. Oppenheimer lowered their price objective on shares of Life Time Group from $40.00 to $33.00 in a research report on November 10th. The previous price target was $40.00. 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 reduced their price target on shares of Life Time Group from $13.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, November 10th. This was the last and most important of the changes to be made. Four analysts have issued a buy recommendation, two have issued a hold recommendation and one has issued a sell recommendation on the stock. The company currently has a consensus rating of “Hold” and a current average price target of $17.75, according to Bloomberg. This information was used to determine the company’s current rating.

Life Time Group stock traded up $0.59 on Wednesday, hitting $15.93. The increase occurred during the trading session on Wednesday. The total number of shares of the company that changed hands was 6,616. This compares to an average daily volume of 416,678 shares. The simple moving average of the price over the past 50 days is $12.25, and the simple moving average over the past 200 days is $12.40. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -9.21, and a beta of 1.21. Life Time Group has a one-year low of $8.75 and an all-time high of $17.80. The debt-equity ratio reaches 0.84; the quick ratio comes in at 0.36; the current ratio stands at 0.46; and the quick ratio comes in at 0.36.

Over the past few months, several hedge funds and other types of institutional investors have changed the way they invest in the company. Bank of New York Mellon Corporation acquired an additional 15.4% of shares of Life Time Group during the third quarter, compared to the previous quarter. Bank of New York Mellon Corp. now owns 152,547 shares of the company’s stock after purchasing an additional 20,306 shares during the previous quarter. These 152,547 shares are currently valued at $1,488,000. Jane Street Group LLC’s holdings in shares of Life Time Group grew by 47.3% during the third quarter after the company bought additional shares. Jane Street Group LLC now owns 18,377 shares of the company’s stock valued at $1,000,000 after buying an additional 5,899 shares during the last quarter. Each share of the company’s stock is currently valued at $179,000, which is more than what the company is currently worth. BNP Paribas Arbitrage SNC committed a total of $268,000 in cash and other assets to buy a new stake in Life Time Group during the fiscal third quarter. State Street Corporation grew its holdings in shares of LifeTime Group by 7.5% during the third quarter. State Street Corporation owns 767,154 shares of the company’s stock, which is currently worth $7,480,000. This is a direct result of an additional 53,503 shares purchased during the prior quarter from the current quarter.

Finally, during the third quarter, Vanguard Group Inc. increased the amount of Life Time shares it owns, increasing its ownership interest to 6.0 percent. “Vanguard Group Inc.” The investment firm increased its stake in the company by buying an additional 254,551 shares. This brings the total number of shares he owns in the company to 4,606,115, worth $43,935,000. The company’s shares are currently 72.54% owned by hedge funds and other types of institutional investors.

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 user demographic, including athletes and sports enthusiasts, and offer a variety of services to meet their needs.

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