Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 154,912 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 154,912 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $42.00, for a total transaction of $6,506,304.00. Following the completion of the sale, the executive vice president owned 138,351 shares in the company, valued at $5,810,742. This represents a 52.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Ritadhwaja Jebens Singh also recently made the following trade(s):

• On Wednesday, September 9th, Ritadhwaja Singh sold 18,729 shares of Life Time Group stock. The stock was sold at an average price of $42.04, for a total transaction of $787,367.16.
• On Thursday, September 3rd, Ritadhwaja Singh sold 5,666 shares of Life Time Group stock. The stock was sold at an average price of $44.00, for a total transaction of $249,304.00.
• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The shares were sold at an average price of $38.65, for a total transaction of $2,618,576.15.

Life Time Group Price Performance

Shares of LTH opened at $41.61 on Friday. The company has a 50 day moving average of $43.36 and a two-hundred day moving average of $35.06. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.50 and a beta of 1.48.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The business had revenue of $866.00 million for the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of LTH. Sequoia Financial Advisors LLC purchased a new position in Life Time Group during the 2nd quarter worth approximately $288,000. Tidal Investments LLC purchased a new stake in shares of Life Time Group in the 2nd quarter valued at $14,439,000. WINTON GROUP Ltd increased its stake in shares of Life Time Group by 139.3% in the second quarter. WINTON GROUP Ltd now owns 93,307 shares of the company’s stock worth $3,811,000 after acquiring an additional 54,316 shares during the period. Maven Securities LTD acquired a new stake in shares of Life Time Group in the second quarter worth $1,034,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Life Time Group during the second quarter worth $2,183,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Northland Securities set a $57.00 target price on shares of Life Time Group in a research report on Friday, July 31st. Morgan Stanley upped their price target on shares of Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Guggenheim reaffirmed a “buy” rating and issued a $50.00 price target on shares of Life Time Group in a report on Wednesday, August 12th. Finally, Bank of America reiterated a “buy” rating and set a $51.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $54.85.

Life Time Group Company Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.