Oppenheimer Issues Positive Forecast for Life Time Group (NYSE:LTH) Stock Price

Life Time Group (NYSE:LTHFree Report) had its price objective upped by Oppenheimer from $33.00 to $43.00 in a research report released on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on LTH. Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Guggenheim restated a “buy” rating and set a $32.00 target price (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Wells Fargo & Company lifted their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Evercore ISI started coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $31.77.

Get Our Latest Analysis on LTH

Life Time Group Price Performance

Shares of LTH opened at $28.68 on Thursday. The company has a market cap of $5.93 billion, a P/E ratio of 41.56, a PEG ratio of 0.71 and a beta of 1.89. Life Time Group has a fifty-two week low of $11.89 and a fifty-two week high of $28.92. 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 firm’s 50 day moving average price is $24.05 and its 200 day moving average price is $23.60.

Life Time Group (NYSE:LTHGet Free Report) last posted 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 company had revenue of $693.20 million for the quarter, compared to analysts’ expectations 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 was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. On average, research analysts forecast that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at $4,004,840. This represents a 25.36 % decrease in their position. 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 Life Time Group 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. Insiders have sold 241,596 shares of company stock valued at $6,113,448 in the last ninety days. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of large investors have recently bought and sold shares of LTH. Precision Wealth Strategies LLC purchased a new stake in shares of Life Time Group in the fourth quarter valued at about $387,000. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter valued at about $42,000. Park Avenue Securities LLC purchased a new stake in Life Time Group during the 4th quarter valued at approximately $542,000. Moody National Bank Trust Division lifted its position in Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

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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.

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Analyst Recommendations for Life Time Group (NYSE:LTH)

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