Life Time Group (NYSE:LTH) Price Target Raised to $43.00

Life Time Group (NYSE:LTH) had its target price boosted by Oppenheimer from $33.00 to $43.00 in a research report report published on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other research firms have also recently commented on LTH. Northland Securities boosted 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. Guggenheim reiterated a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Morgan Stanley raised their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Craig Hallum boosted their price target on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their price objective on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Life Time Group Stock Performance

Shares of LTH stock opened at $28.68 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group has a 12-month low of $11.89 and a 12-month high of $28.92. The business’s 50 day moving average is $24.05 and its two-hundred day moving average is $23.60. The company has a market capitalization of $5.93 billion, a P/E ratio of 41.56, a P/E/G ratio of 0.71 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. Analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the completion of the transaction, the executive vice president now 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. Over the last quarter, insiders sold 241,596 shares of company stock valued at $6,113,448. 12.50% of the stock is owned by company insiders.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of LTH. Farther Finance Advisors LLC increased its position in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the last quarter. R Squared Ltd acquired a new stake in Life Time Group in the 4th quarter valued at approximately $42,000. Amalgamated Bank raised its position in Life Time Group by 38.2% in the second 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 period. Point72 Hong Kong Ltd acquired a new position in Life Time Group during the third quarter worth $60,000. Finally, Blue Trust Inc. boosted its position in shares of Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after buying an additional 2,280 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Company Profile

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.