Life Time Group (NYSE:LTH) Director Jimena Almendares Sells 40,589 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director Jimena Almendares sold 40,589 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the sale, the director directly owned 36,983 shares in the company, valued at approximately $1,242,258.97. The trade was a 52.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life Time Group Price Performance

Life Time Group stock opened at $34.23 on Friday. The company has a market cap of $7.62 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.44 and a beta of 1.55. The firm’s fifty day moving average is $30.59 and its 200 day moving average is $28.46. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $35.33.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. Life Time Group’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on LTH shares. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Royal Bank Of Canada increased their target price on shares of Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Morgan Stanley increased their target price on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Mizuho increased their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $41.00 target price on shares of Life Time Group in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $40.30.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Life Time Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock worth $372,608,000 after buying an additional 374,833 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Life Time Group in the 3rd quarter worth about $8,280,000. Quantbot Technologies LP purchased a new position in Life Time Group in the 3rd quarter worth about $3,472,000. ABN Amro Investment Solutions purchased a new position in Life Time Group in the 3rd quarter worth about $2,535,000. Finally, TD Asset Management Inc increased its stake in Life Time Group by 158.1% in the 3rd quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock worth $2,110,000 after buying an additional 46,822 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 (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.