Insider Selling: Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells 25,000 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 25,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares in the company, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life Time Group Price Performance

NYSE LTH opened at $26.59 on Friday. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $27.26. The stock has a 50-day moving average of $23.54 and a 200 day moving average of $23.19. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Northland Securities upped their price target on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Life Time Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Morgan Stanley lifted their price target on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Life Time Group has an average rating of “Moderate Buy” and an average price target of $27.89.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently added to or reduced their stakes in LTH. Rhumbline Advisers grew its holdings in shares of Life Time Group by 32.7% in the second quarter. Rhumbline Advisers now owns 92,669 shares of the company’s stock worth $1,745,000 after acquiring an additional 22,836 shares during the period. American Century Companies Inc. boosted its position in Life Time Group by 402.6% in the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after purchasing an additional 770,766 shares during the period. Amalgamated Bank increased its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in shares of Life Time Group in the 2nd quarter worth approximately $905,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.