Life Time Group (NYSE:LTH) CEO Bahram Akradi Sells 438,257 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi sold 438,257 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the transaction, the chief executive officer directly owned 3,615,086 shares in the company, valued at $162,787,322.58. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $44.86 on Wednesday. The company’s fifty day moving average price is $38.93 and its 200 day moving average price is $32.18. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The firm has a market capitalization of $10.02 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.66 and a beta of 1.50.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. During the same period in the previous year, the company earned $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, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently made changes to their positions in LTH. Wexford Capital LP purchased a new position in shares of Life Time Group during the third quarter worth about $40,000. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Life Time Group during the 4th quarter valued at approximately $73,000. Versant Capital Management Inc lifted its position in Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after acquiring an additional 1,339 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after acquiring an additional 1,225 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LTH. Morgan Stanley upped their target price on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Weiss Ratings raised Life Time Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 21st. Jefferies Financial Group boosted their price objective on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Guggenheim increased their price objective on Life Time Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Life Time Group in a research report on Monday. They set a “buy” rating and a $53.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $53.77.

Key Stories Impacting Life Time Group

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

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.