Life Time Group (NYSE:LTH – Get Rating) had its target price upped by Morgan Stanley from $15.00 to $18.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.
A number of other research firms have also weighed in on LTH. Oppenheimer cut their target price on shares of Life Time Group from $40.00 to $33.00 in a research note on Thursday, November 10th. Wells Fargo & Company dropped their price target on shares of Life Time Group from $13.00 to $12.00 and set an underweight rating on the stock in a research note on Thursday, November 10th. Guggenheim increased their price target on shares of Life Time Group from $17.00 to $21.00 and gave the company a buy rating in a research note on Monday, January 23rd. Finally, Royal Bank of Canada dropped their price target on shares of Life Time Group from $18.00 to $14.00 and set an outperform rating on the stock in a research note on Thursday, November 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Life Time Group has a consensus rating of Hold and an average target price of $18.63.
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Life Time Group Stock Up 0.9 %
LTH stock opened at $18.79 on Tuesday. The company's 50 day moving average price is $14.16 and its 200 day moving average price is $12.87. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.36 and a current ratio of 0.46. Life Time Group has a fifty-two week low of $8.75 and a fifty-two week high of $19.00. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -10.86 and a beta of 1.21.
Life Time Group (NYSE:LTH – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. Life Time Group had a negative net
margin of 18.73% and a negative return on equity of 5.03%. The firm had revenue of $496.38 million for the quarter, compared to analyst estimates of $498.85 million. On average, equities research analysts anticipate that Life Time Group will post -0.09 EPS for the current fiscal year.
Hedge Funds Weigh In On Life Time Group
Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in shares of Life Time Group during the third quarter worth approximately $30,000. Assetmark Inc. grew its position in shares of Life Time Group by 158.1% during the second quarter. Assetmark Inc. now owns 4,293 shares of the company's stock worth $55,000 after acquiring an additional 2,630 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Life Time Group during the third quarter worth approximately $55,000. Tower Research Capital LLC TRC grew its position in shares of Life Time Group by 82.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,936 shares of the company's stock worth $58,000 after acquiring an additional 2,681 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Life Time Group by 88.4% during the first quarter. UBS Group AG now owns 4,682 shares of the company's stock worth $68,000 after acquiring an additional 2,197 shares during the last quarter. 72.54% of the stock is currently owned by hedge funds and other institutional investors.
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 sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.
Further Reading
- Get a free copy of the StockNews.com research report on Life Time Group (LTH)
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