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

Life Time Group (NYSE:LTH) had its price target increased by investment analysts at Oppenheimer from $33.00 to $43.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 49.96% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Northland Securities increased their target price on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Craig Hallum raised their price objective on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price target on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Finally, Guggenheim reiterated a “buy” rating and issued a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.77.

Life Time Group Trading Up 0.3 %

NYSE LTH opened at $28.68 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The stock’s 50-day simple moving average is $23.95 and its two-hundred day simple moving average is $23.54. Life Time Group has a twelve month low of $11.89 and a twelve month high of $28.92. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 0.71 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm 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 business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Research analysts forecast that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the sale, the executive vice president now directly 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 legal filing with the SEC, 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 directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 241,596 shares of company stock valued at $6,113,448. 12.50% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

A number of hedge funds have recently modified their holdings of the business. Precision Wealth Strategies LLC purchased a new position in Life Time Group during the 4th quarter valued at about $387,000. R Squared Ltd bought a new position in shares of Life Time Group during the fourth quarter valued at approximately $42,000. Park Avenue Securities LLC purchased a new position in shares of Life Time Group during the fourth quarter valued at approximately $542,000. Moody National Bank Trust Division boosted its position in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after purchasing an additional 911 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after buying an additional 356,255 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.