Life Time Group Holdings, Inc. (NYSE:LTH) Sees Large Decline in Short Interest

Life Time Group Holdings, Inc. (NYSE:LTH) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 5,720,000 shares, a decrease of 15.3% from the February 13th total of 6,750,000 shares. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 2.8 days. Currently, 5.9% of the company’s stock are short sold.

Insider Transactions at Life Time Group

In other news, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at $2,854,212.82. This represents a 1.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock valued at $152,891,556 over the last ninety days. 12.50% of the stock is currently owned by insiders.

Institutional Trading of Life Time Group

A number of institutional investors have recently added to or reduced their stakes in LTH. Kapitalo Investimentos Ltda purchased a new position in Life Time Group during the 4th quarter valued at about $33,000. R Squared Ltd bought a new stake in Life Time Group during the 4th quarter worth approximately $42,000. Sterling Capital Management LLC lifted its stake in Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock worth $45,000 after purchasing an additional 1,821 shares in the last quarter. Quarry LP boosted its holdings in Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after purchasing an additional 1,649 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Life Time Group in the third quarter worth $60,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

LTH has been the subject of a number of recent analyst reports. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Craig Hallum increased their price target on shares of Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 28th. 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 report on Friday, January 17th. Oppenheimer increased their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Mizuho lifted their price target on shares of Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.86.

Life Time Group Stock Performance

LTH stock traded up $0.05 during midday trading on Thursday, reaching $31.01. 578,464 shares of the company’s stock traded hands, compared to its average volume of 2,364,851. Life Time Group has a 52 week low of $12.34 and a 52 week high of $33.64. The company has a 50-day moving average price of $29.60 and a two-hundred day moving average price of $25.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $6.50 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93.

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.