Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells $3,866,313.60 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 134,247 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.80, for a total value of $3,866,313.60. Following the transaction, the executive vice president now owns 133,189 shares in the company, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Life Time Group Trading Up 2.3%

NYSE:LTH opened at $28.12 on Friday. Life Time Group Holdings, Inc. has a 12 month low of $17.75 and a 12 month high of $34.99. 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 firm’s 50 day moving average is $29.91 and its 200 day moving average is $28.36. The stock has a market capitalization of $6.17 billion, a PE ratio of 40.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same period last year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on LTH shares. Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 price objective on shares of Life Time Group and gave the stock a “hold” rating in a research report on Friday, March 14th. Morgan Stanley increased their price objective on shares of Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Mizuho upped their target price on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $35.92.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently added to or reduced their stakes in LTH. Burns Matteson Capital Management LLC purchased a new stake in Life Time Group during the fourth quarter valued at about $331,000. Rhumbline Advisers raised its position in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,075 shares during the period. Principal Securities Inc. bought a new stake in shares of Life Time Group in the fourth quarter valued at approximately $98,000. Nkcfo LLC purchased a new stake in shares of Life Time Group during the 4th quarter valued at approximately $664,000. Finally, Truist Financial Corp bought a new position in Life Time Group in the 4th quarter worth approximately $507,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.