Erik Weaver Sells 1,741 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $31.51 on Friday. The company has a market capitalization of $6.52 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.94. 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 stock has a fifty day moving average of $25.03 and a 200-day moving average of $24.23. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $31.61.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently modified their holdings of LTH. R Squared Ltd acquired a new stake in Life Time Group during the 4th quarter worth about $42,000. Farther Finance Advisors LLC raised its holdings in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Life Time Group in the 3rd quarter valued at approximately $60,000. Blue Trust Inc. boosted its stake in Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Life Time Group in the 4th quarter worth approximately $88,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Guggenheim restated a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Mizuho raised their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Northland Securities boosted their target price on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, Evercore ISI began coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus price target of $31.77.

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.