Life Time Group (NYSE:LTH) EVP Parham Javaheri Sells 63,203 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 63,203 shares of Life Time Group stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $45.09, for a total transaction of $2,849,823.27. Following the sale, the executive vice president owned 183,371 shares in the company, valued at approximately $8,268,198.39. The trade was a 25.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Parham Javaheri also recently made the following trade(s):

• On Friday, May 8th, Parham Javaheri sold 62,900 shares of Life Time Group stock. The stock was sold at an average price of $31.80, for a total transaction of $2,000,220.00.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $44.86 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The firm has a fifty day moving average price of $38.93 and a 200 day moving average price of $32.18. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 1.66 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.11. The company had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. Life Time Group’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. As a group, sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Life Time Group News Summary

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Management raised its earnings outlook following the second-quarter earnings call, citing rapid growth. The company’s latest quarter also exceeded expectations, with earnings of $0.48 per share versus the $0.37 consensus estimate and revenue growth of 13.7% year over year. Life Time Group Lifts Earnings Outlook Amid Rapid Growth
• Positive Sentiment: Several analysts raised their price targets for LTH to $64, $52 and $51, indicating continued confidence in the premium health-club operator’s growth prospects and suggesting upside from recent trading levels. Life Time Group Price Target Raised to $64 Life Time Group Price Target Raised to $52 Life Time Group Price Target Raised to $51
• Positive Sentiment: Life Time is being highlighted as a beneficiary of the broader wellness boom, as consumers continue to spend on premium fitness clubs and health-related services. Best Health and Fitness Stocks for Investors Amid Wellness Boom
• Negative Sentiment: Multiple senior executives disclosed sizable insider sales completed July 31. CEO Bahram Akradi sold about $19.7 million of shares, EVP Eric Buss sold $21.6 million, EVP Parham Javaheri sold $2.8 million and CFO Erik Weaver sold $2.1 million. The transactions reduced their holdings by roughly 11% to 50% and could weigh on investor sentiment, although all retained shares. SEC insider trading filing

Institutional Trading of Life Time Group

A number of large investors have recently made changes to their positions in LTH. Vanguard Group Inc. raised its position in shares of Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after buying an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after acquiring an additional 1,068,208 shares during the last quarter. Ameriprise Financial Inc. grew its position in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after acquiring an additional 2,091,712 shares in the last quarter. Wellington Management Group LLP grew its position in Life Time Group by 0.6% in the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after acquiring an additional 34,964 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after acquiring an additional 2,156,033 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Mizuho lifted their target price on Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Guggenheim increased their price target on Life Time Group from $41.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. UBS Group raised their price target on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Life Time Group in a research note on Friday. Finally, Oppenheimer upped their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, Life Time Group has an average rating of “Buy” and an average price target of $53.77.

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.