Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 134,247 Shares

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

Life Time Group Trading Down 1.0%

NYSE:LTH opened at $27.77 on Wednesday. The company’s 50 day moving average price is $29.92 and its 200-day moving average price is $28.35. Life Time Group Holdings, Inc. has a 52 week low of $17.31 and a 52 week high of $34.99. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 0.81 and a beta of 1.75.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $706.04 million for the quarter, compared to analysts’ expectations of $684.06 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors have recently made changes to their positions in LTH. Rhumbline Advisers boosted its holdings in Life Time Group by 32.7% in the first quarter. Rhumbline Advisers now owns 121,552 shares of the company’s stock worth $3,671,000 after purchasing an additional 29,980 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Life Time Group in the first quarter worth approximately $839,000. Integrity Alliance LLC. purchased a new stake in Life Time Group in the first quarter worth approximately $305,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Life Time Group by 47.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Life Time Group in the first quarter worth approximately $221,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the stock a “buy” rating in a research note on Monday, March 3rd. Royal Bank of Canada set a $35.00 price target on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Craig Hallum raised Life Time Group to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, May 23rd. Northland Securities set a $39.00 price target on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets set a $28.00 price target on Life Time Group and gave the stock a “hold” rating in a research report on Friday, March 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $35.92.

About Life Time Group

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.