Life Time Group (NYSE:LTH) Price Target Raised to $40.00

Life Time Group (NYSE:LTH) had its target price raised by analysts at Craig Hallum from $33.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s price objective indicates a potential upside of 41.34% from the stock’s current price.

LTH has been the subject of several other research reports. Evercore ISI assumed coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price for the company. Northland Securities boosted their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Wells Fargo & Company increased their target price on 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. Morgan Stanley boosted their price target 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. Finally, Guggenheim reiterated a “buy” rating and set a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and an average target price of $29.75.

Life Time Group Price Performance

Shares of NYSE LTH opened at $28.30 on Wednesday. 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 business’s 50 day moving average price is $23.77 and its two-hundred day moving average price is $23.47. The company has a market cap of $5.86 billion, a PE ratio of 41.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89. Life Time Group has a twelve month low of $11.89 and a twelve month high of $28.60.

Life Time Group (NYSE:LTH) last posted its earnings results 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). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. On average, analysts predict that Life Time Group will post 0.74 EPS for the current year.

Insider Buying and Selling at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. This represents a 11.54 % decrease in their position. The sale was disclosed in a filing 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 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 transaction, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 12.50% of the company’s stock.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC bought a new stake in shares of Life Time Group during the fourth quarter worth about $542,000. Moody National Bank Trust Division increased its position in Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after acquiring an additional 911 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after acquiring an additional 356,255 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Life Time Group by 1.3% in 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 during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Life Time Group in the third quarter worth $31,575,000. 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.