Life Time Group (NYSE:LTH) Director Sells $1,363,384.51 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director Jimena Almendares sold 40,589 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total value of $1,363,384.51. Following the sale, the director owned 36,983 shares of the company’s stock, valued at $1,242,258.97. This trade represents a 52.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Life Time Group Trading Down 1.8%

NYSE LTH traded down $0.64 on Friday, hitting $34.23. 2,215,504 shares of the company were exchanged, compared to its average volume of 2,878,747. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $35.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The firm has a market capitalization of $7.62 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.38 and a beta of 1.55. The company’s 50 day moving average price is $30.43 and its 200-day moving average price is $28.42.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Analysts predict that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LTH shares. Royal Bank Of Canada raised their price objective on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Mizuho boosted their price target on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. KeyCorp began coverage on shares of Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and a consensus price target of $40.30.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Life Time Group by 49.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after buying an additional 587 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Life Time Group by 24.9% during the 1st quarter. California State Teachers Retirement System now owns 168,879 shares of the company’s stock valued at $4,550,000 after purchasing an additional 33,661 shares during the last quarter. Royal Bank of Canada increased its position in Life Time Group by 3.9% in the 1st quarter. Royal Bank of Canada now owns 72,729 shares of the company’s stock valued at $1,959,000 after acquiring an additional 2,700 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Life Time Group by 38.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after buying an additional 487,478 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in Life Time Group by 455.2% during the first quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock worth $2,050,000 after acquiring an additional 62,393 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.