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

Life Time Group (NYSE:LTH) had its price objective increased by investment analysts at Oppenheimer from $33.00 to $43.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price points to a potential upside of 50.39% from the company’s previous close.

LTH has been the subject of a number of other research reports. Northland Securities boosted their price objective on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a report on Friday, January 17th. Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Morgan Stanley increased their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted 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. Finally, 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and a consensus price target of $30.95.

Life Time Group Trading Up 0.5 %

Shares of LTH traded up $0.14 during midday trading on Thursday, hitting $28.59. The stock had a trading volume of 366,043 shares, compared to its average volume of 1,873,435. Life Time Group has a 1 year low of $11.89 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock’s 50 day moving average is $23.85 and its 200 day moving average is $23.50. The firm has a market cap of $5.92 billion, a PE ratio of 41.45, a price-to-earnings-growth ratio of 0.98 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 (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. As a group, analysts forecast that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Transactions at Life Time Group

In other news, EVP Parham Javaheri sold 168,000 shares of the business’s stock in a transaction dated 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after buying an additional 770,766 shares in the last quarter. Principal Financial Group Inc. boosted its position in Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock worth $89,045,000 after purchasing an additional 46,710 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Life Time Group by 33.1% in the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock valued at $74,487,000 after buying an additional 758,757 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Life Time Group by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after buying an additional 152,504 shares during the period. 79.40% of the stock is currently 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.