Insider Selling: Bahram Akradi Sells 13,439 Shares of Life Time Fitness Stock (LTM)
Life Time Fitness (NYSE:LTM) CEO Bahram Akradi sold 13,439 shares of the company’s stock on the open market in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $50.02, for a total transaction of $672,218.78. Following the completion of the sale, the chief executive officer now directly owns 2,491,489 shares in the company, valued at approximately $124,624,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on LTM shares. Analysts at Piper Jaffray downgraded shares of Life Time Fitness from an “overweight” rating to a “neutral” rating in a research note on Thursday, June 5th. They now have a $54.00 price target on the stock, down previously from $59.00. Analysts at Oppenheimer downgraded shares of Life Time Fitness from an “outperform” rating to a “market perform” rating in a research note on Friday, April 25th. They now have a $50.00 price target on the stock, down previously from $54.00. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $57.32.
Life Time Fitness (NYSE:LTM) traded down 0.18% during mid-day trading on Monday, hitting $49.24. The stock had a trading volume of 604,602 shares. Life Time Fitness has a 1-year low of $40.15 and a 1-year high of $56.94. The stock has a 50-day moving average of $49.68 and a 200-day moving average of $47.39. The company has a market cap of $1.962 billion and a price-to-earnings ratio of 16.72.
Life Time Fitness (NYSE:LTM) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $309.47 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Life Time Fitness will post $3.08 EPS for the current fiscal year.
Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.
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