Life Time Group (NYSE:LTH) Given New $43.00 Price Target at Oppenheimer

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

A number of other research firms also recently commented on LTH. Guggenheim reaffirmed a “buy” rating and issued a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Wells Fargo & Company lifted their target price on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Craig Hallum increased 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. Northland Securities upped their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, 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 note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, 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 quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 0.98 and a beta of 1.89. The business has a fifty day simple moving average of $23.85 and a 200-day simple moving average of $23.50. 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 announced 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 company had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts expect that Life Time Group will post 0.74 EPS for the current year.

Insiders Place Their Bets

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the transaction, the executive vice president now directly owns 143,030 shares in the company, valued at $4,004,840. This trade represents a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Parham Javaheri sold 168,000 shares of the business’s 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 transaction, the executive vice president now directly owns 243,938 shares in the company, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 241,596 shares of company stock worth $6,113,448. Corporate insiders own 12.50% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently modified their holdings of LTH. Amalgamated Bank increased its holdings 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. R Squared Ltd acquired a new stake in shares of Life Time Group in the fourth quarter valued at about $42,000. Farther Finance Advisors LLC raised 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 worth $43,000 after acquiring an additional 906 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Time Group in the third quarter worth approximately $60,000. Finally, Blue Trust Inc. boosted its holdings in Life Time Group by 345.5% in the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after acquiring an additional 2,280 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.