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

Life Time Group (NYSE:LTH) had its price objective hoisted by analysts at Oppenheimer from $33.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 49.96% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Evercore ISI initiated coverage on 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. Morgan Stanley raised their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Craig Hallum boosted their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday. Northland Securities raised their target price on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.77.

Life Time Group Trading Up 0.3 %

NYSE:LTH opened at $28.68 on Thursday. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 0.71 and a beta of 1.89. 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 company’s 50 day moving average price is $23.95 and its 200-day moving average price is $23.54. Life Time Group has a 52 week low of $11.89 and a 52 week high of $28.92.

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

Insider Transactions 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 shares were sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares of the company’s stock, valued at $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,596 shares of company stock worth $6,113,448 in the last 90 days. 12.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of 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 acquiring an additional 563 shares in the last quarter. R Squared Ltd bought a new stake in Life Time Group during the 4th quarter valued at approximately $42,000. Farther Finance Advisors LLC lifted its holdings in 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 purchasing an additional 906 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Life Time Group in the 3rd quarter worth approximately $60,000. Finally, Blue Trust Inc. grew its holdings in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares in 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.