Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 6,713 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 6,713 shares of Life Time Group stock in a transaction on Friday, October 30th. The shares were sold at an average price of $44.83, for a total transaction of $300,943.79. Following the sale, the chief financial officer directly owned 76,418 shares of the company’s stock, valued at $3,425,818.94. This trade represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Erik Weaver also recently made the following trade(s):

• On Monday, October 12th, Erik Weaver sold 5,787 shares of Life Time Group stock. The stock was sold at an average price of $39.77, for a total value of $230,148.99.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $44.63 on Wednesday. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.41 and a beta of 1.46. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.32. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $41.64 and a 200 day simple moving average of $35.41.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The firm had revenue of $893.52 million for the quarter, compared to the consensus estimate of $874.98 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LTH. Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. UBS Group set a $63.00 target price on shares of Life Time Group in a research report on Wednesday, September 23rd. Mizuho increased their price target on shares of Life Time Group from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 27th. Zacks Research lowered shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Guggenheim lifted their price objective on shares of Life Time Group from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $56.14.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Life Time Group by 1.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after buying an additional 99,154 shares during the period. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 1,068,208 shares during the last quarter. Principal Financial Group Inc. grew its stake in Life Time Group by 18.1% in the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock valued at $69,760,000 after buying an additional 397,248 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Life Time Group by 38.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after acquiring an additional 487,478 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock worth $23,236,000 after acquiring an additional 380,610 shares during the period. 79.40% of the stock is owned by institutional investors.

About Life Time Group

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.