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

Life Time Group (NYSE:LTH) had its price target increased by Craig Hallum from $33.00 to $40.00 in a research report sent to investors on Wednesday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on LTH. Morgan Stanley boosted their price target on shares of 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. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Northland Securities boosted their target price 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. Finally, Wells Fargo & Company lifted their price objective 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and a consensus price target of $29.75.

Life Time Group Stock Up 0.5 %

Shares of NYSE:LTH opened at $28.45 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 firm has a market cap of $5.89 billion, a P/E ratio of 41.24, a P/E/G ratio of 1.06 and a beta of 1.89. Life Time Group has a 12 month low of $11.89 and a 12 month high of $28.86. The company’s 50-day moving average price is $23.77 and its two-hundred day moving average price is $23.47.

Life Time Group (NYSE:LTH) last released 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). The firm had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. As a group, research analysts forecast that Life Time Group will post 0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the sale, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Parham Javaheri sold 168,000 shares of the company’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 of the company’s stock, 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. 12.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Life Time Group

Large investors have recently modified their holdings of the business. Amalgamated Bank increased its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after purchasing an additional 563 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after buying an additional 906 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Life Time Group during the third quarter worth $60,000. Blue Trust Inc. raised its position in Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after acquiring an additional 2,280 shares in the last quarter. Finally, FMR LLC raised its position in Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company’s stock worth $122,000 after acquiring an additional 3,650 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.