Ritadhwaja Jebens Singh Sells 48,596 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 48,596 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares of the company’s stock, valued at $4,004,840. The trade was a 25.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ritadhwaja Jebens Singh also recently made the following trade(s):

• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00.

Life Time Group Stock Up 0.5 %

LTH traded up $0.15 during trading on Thursday, hitting $28.60. The company had a trading volume of 1,531,056 shares, compared to its average volume of 1,958,854. The company has a market capitalization of $5.92 billion, a PE ratio of 41.44, a PEG ratio of 0.98 and a beta of 1.89. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $28.92. The firm’s 50-day moving average price is $23.85 and its 200 day moving average price is $23.50. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. As a group, equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

LTH has been the topic of several analyst reports. Oppenheimer increased their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday. Northland Securities raised their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Morgan Stanley increased their target price on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI initiated coverage on shares of 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. Finally, Guggenheim restated a “buy” rating and set a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.95.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. R Squared Ltd acquired a new position in Life Time Group in the 4th quarter valued at about $42,000. Park Avenue Securities LLC acquired a new position in Life Time Group in the 4th quarter valued at about $542,000. Moody National Bank Trust Division grew its stake in Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after buying an additional 911 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Life Time Group by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after buying an additional 356,255 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Life Time Group by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

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.