Life Time Group (NYSE:LTH) Given New $40.00 Price Target at Craig Hallum

Life Time Group (NYSE:LTH) had its target price lifted by Craig Hallum from $33.00 to $40.00 in a report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently commented on LTH. 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. Guggenheim restated a “buy” rating and set a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Evercore ISI initiated coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Wells Fargo & Company increased their target price on shares of 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 stock an “outperform” rating 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 MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and an average price target of $29.75.

Life Time Group Trading Up 0.5 %

Shares of NYSE:LTH opened at $28.45 on Wednesday. The firm has a fifty day moving average of $23.77 and a two-hundred day moving average of $23.47. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. Life Time Group has a 12-month low of $11.89 and a 12-month high of $28.86. The firm has a market capitalization of $5.89 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm 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 business posted $0.09 EPS. Life Time Group’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities analysts expect that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling at Life Time Group

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Parham Javaheri sold 168,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at $5,993,556.66. This represents 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.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in LTH. Amalgamated Bank boosted its stake in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings 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 valued at $43,000 after acquiring an additional 906 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Life Time Group in the 3rd quarter valued at $60,000. Blue Trust Inc. grew its holdings in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the last quarter. Finally, FMR LLC increased its position in shares of Life Time Group by 268.2% during the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after purchasing an additional 3,650 shares in 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.