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

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 154,912 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was 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 directly owned 138,351 shares of the company’s stock, valued at $5,810,742. The trade was a 52.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 value of $249,304.00.
• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The stock was sold at an average price of $38.65, for a total value of $2,618,576.15.

Life Time Group Stock Performance

Shares of LTH stock traded up $0.13 during trading on Friday, hitting $41.61. The company’s stock had a trading volume of 2,358,773 shares, compared to its average volume of 2,899,974. The company has a market cap of $9.30 billion, a PE ratio of 22.61, a P/E/G ratio of 1.51 and a beta of 1.48. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $43.34 and a 200-day moving average of $35.01. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $47.24.

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

Wall Street Analyst Weigh In

LTH has been the topic of a number of research analyst reports. Mizuho boosted their price target on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. KeyCorp raised their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group lifted their price objective on shares of Life Time Group from $43.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Finally, Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Life Time Group in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Buy” and a consensus price target of $54.85.

Institutional Inflows and Outflows

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

About Life Time Group

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.