Life Time Group (NYSE:LTH) CEO Bahram Akradi Sells 264,000 Shares of Company Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi sold 264,000 shares of the stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $45.04, for a total value of $11,890,560.00. Following the sale, the chief executive officer owned 3,351,086 shares of the company’s stock, valued at approximately $150,932,913.44. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life Time Group Trading Up 1.8%

Shares of LTH stock traded up $0.81 during mid-day trading on Tuesday, hitting $44.63. The company’s stock had a trading volume of 3,773,532 shares, compared to its average volume of 3,000,209. The company has a market cap of $9.97 billion, a PE ratio of 24.25, a P/E/G ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The company’s fifty day simple moving average is $41.66 and its 200-day simple moving average is $35.32. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $47.32.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.41 by $0.10. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%. The company had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. During the same quarter in the prior year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in Life Time Group by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after acquiring an additional 1,068,208 shares during the period. Nippon Life Global Investors Americas Inc. acquired a new position in shares of Life Time Group during the third quarter worth approximately $22,496,000. The Manufacturers Life Insurance Company raised 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 purchasing an additional 487,478 shares during the period. Ranger Investment Management L.P. bought a new position in shares of Life Time Group in the 2nd quarter worth $16,302,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Life Time Group by 18.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after purchasing an additional 397,248 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LTH. Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a report on Friday, July 31st. KeyCorp boosted their target price on shares of Life Time Group from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday. Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Mizuho raised their price target on shares of Life Time Group from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, October 27th. Finally, Morgan Stanley raised their price target on shares of Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average price target of $56.14.

About Life Time Group

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.