Life Time Group (NYSE:LTH) EVP Sells $359,618.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total transaction of $359,618.00. Following the transaction, the executive vice president directly owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Life Time Group Stock Performance

Shares of LTH traded down $0.23 during mid-day trading on Tuesday, reaching $29.32. The company’s stock had a trading volume of 2,449,814 shares, compared to its average volume of 2,389,710. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $34.99. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The stock has a market cap of $6.47 billion, a P/E ratio of 22.73, a PEG ratio of 0.88 and a beta of 1.68. The business has a 50-day simple moving average of $26.87 and a two-hundred day simple moving average of $27.23.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. As a group, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LTH shares. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Thursday. Northland Securities set a $42.00 price target on Life Time Group in a report on Friday. Guggenheim restated a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Friday. Finally, UBS Group set a $48.00 target price on Life Time Group in a report on Friday, October 17th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.77.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Life Time Group by 140.4% during the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after buying an additional 31,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after acquiring an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after acquiring an additional 1,428,446 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Life Time Group during the first quarter worth $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Life Time Group by 47.7% in the 1st 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 buying an additional 64,348 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.