Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells $4,127,760.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 168,000 shares of the firm’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 transaction of $4,127,760.00. Following the completion of the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This represents a 40.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Life Time Group Price Performance

Shares of Life Time Group stock traded down $0.07 during trading on Tuesday, reaching $24.62. The company’s stock had a trading volume of 999,330 shares, compared to its average volume of 1,115,685. The stock has a 50-day moving average price of $24.43 and a two-hundred day moving average price of $21.60. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $5.10 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.89. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $27.11.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. Life Time Group’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in Life Time Group by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock valued at $36,585,000 after buying an additional 152,504 shares in the last quarter. Barclays PLC lifted its position in shares of Life Time Group by 119.0% during the 3rd quarter. Barclays PLC now owns 248,698 shares of the company’s stock worth $6,073,000 after buying an additional 135,116 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Life Time Group by 146.8% during the 3rd quarter. Jane Street Group LLC now owns 182,054 shares of the company’s stock worth $4,446,000 after buying an additional 108,283 shares during the last quarter. State Street Corp lifted its position in shares of Life Time Group by 14.1% during the 3rd quarter. State Street Corp now owns 1,421,790 shares of the company’s stock worth $34,720,000 after buying an additional 176,154 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Life Time Group during the 3rd quarter worth $697,000. Institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LTH shares. Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday. They set an “outperform” rating and a $29.00 price objective on the stock. The Goldman Sachs Group boosted their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Bank of America increased their target price on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada raised their price objective on shares of Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Life Time Group from $21.00 to $25.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $27.78.

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.