Parham Javaheri Sells 84,744 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 84,744 shares of Life Time Group stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president now owns 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Life Time Group Stock Performance

NYSE LTH opened at $26.60 on Wednesday. Life Time Group Holdings, Inc. has a fifty-two week low of $17.94 and a fifty-two week high of $34.99. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 27.71 and a beta of 1.75. The business has a fifty day moving average of $29.80 and a 200-day moving average of $28.45. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The company had revenue of $706.04 million during the quarter, compared to analysts’ expectations of $684.06 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. As a group, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LTH has been the topic of several analyst reports. Craig Hallum upgraded Life Time Group to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Mizuho lifted their price target on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Morgan Stanley lifted their price target on 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. Northland Securities set a $39.00 target price on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a “hold” rating in a research report on Thursday, February 27th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of 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 acquiring an additional 29,980 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Life Time Group in the first quarter valued at $839,000. Integrity Alliance LLC. acquired a new position in Life Time Group in the first quarter valued at $305,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 valued at $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in Life Time Group in the first quarter valued at $221,000. 79.40% of the stock is owned by institutional investors and hedge funds.

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.