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.
Get Life Time Group alerts: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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