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Life Time Fitness (NYSE:LTM) was downgraded by stock analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $50.00 price target on the stock, down from their previous price target of $54.00. Oppenheimer’s target price suggests a potential upside of 6.00% from the stock’s previous close. The analysts noted that the move was a valuation call.

Shares of Life Time Fitness (NYSE:LTM) traded down 5.60% during mid-day trading on Friday, hitting $47.17. 1,558,919 shares of the company’s stock traded hands. Life Time Fitness has a 52 week low of $40.15 and a 52 week high of $56.94. The stock’s 50-day moving average is $48.7 and its 200-day moving average is $46.93. The company has a market cap of $1.919 billion and a price-to-earnings ratio of 17.05.

Life Time Fitness (NYSE:LTM) last released its earnings data on Thursday, April 24th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $309.47 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Life Time Fitness will post $3.09 EPS for the current fiscal year.

In other Life Time Fitness news, EVP Jeffrey Zwiefel unloaded 15,000 shares of the stock on the open market in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $50.00, for a total value of $750,000.00. Following the completion of the transaction, the executive vice president now directly owns 130,486 shares in the company, valued at approximately $6,524,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.

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