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

Life Time Group (NYSE:LTH) had its price target raised by Oppenheimer from $33.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

LTH has been the topic of a number of other reports. Guggenheim restated a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Morgan Stanley upped 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. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Wells Fargo & Company increased 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, Northland Securities boosted their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.95.

Life Time Group Trading Up 0.5 %

LTH stock opened at $28.60 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group has a 1-year low of $11.89 and a 1-year high of $28.92. The business has a 50 day simple moving average of $23.85 and a two-hundred day simple moving average of $23.50. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 0.98 and a beta of 1.89.

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

Insider Buying and Selling

In related news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the transaction, the executive vice president now owns 243,938 shares in the company, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. This trade represents a 11.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,596 shares of company stock worth $6,113,448. Company insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

Hedge funds have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new position in Life Time Group during the third quarter worth about $31,575,000. Dimensional Fund Advisors LP increased its stake in Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after purchasing an additional 758,757 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Life Time Group by 135.9% during the third quarter. Point72 Asset Management L.P. now owns 890,657 shares of the company’s stock worth $21,750,000 after purchasing an additional 513,033 shares in the last quarter. Finally, Braun Stacey Associates Inc. grew its holdings in Life Time Group by 113.7% in the third quarter. Braun Stacey Associates Inc. now owns 849,792 shares of the company’s stock valued at $20,752,000 after purchasing an additional 452,197 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

About Life Time Group

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.