Insider Buying: Jack W. Eugster Buys 5,000 Shares of Life Time Fitness Stock (LTM)
Life Time Fitness (NYSE:LTM) Director Jack W. Eugster acquired 5,000 shares of Life Time Fitness stock in a transaction that occurred on Tuesday, July 29th. The shares were purchased at an average price of $39.05 per share, with a total value of $195,250.00. Following the completion of the transaction, the director now directly owns 33,280 shares of the company’s stock, valued at approximately $1,299,584. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Life Time Fitness (NYSE:LTM) traded up 1.26% during mid-day trading on Tuesday, hitting $39.30. 815,766 shares of the company’s stock traded hands. Life Time Fitness has a 52-week low of $38.72 and a 52-week high of $56.78. The stock has a 50-day moving average of $47.11 and a 200-day moving average of $47.41. The company has a market cap of $1.538 billion and a price-to-earnings ratio of 13.34.
Life Time Fitness (NYSE:LTM) last announced its earnings results on Thursday, July 24th. The company reported $0.76 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.05. The company had revenue of $326.60 million for the quarter, compared to the consensus estimate of $332.20 million. During the same quarter last year, the company posted $0.80 earnings per share. Life Time Fitness’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Life Time Fitness will post $3.03 earnings per share for the current fiscal year.
A number of research firms have recently commented on LTM. Analysts at Wedbush downgraded shares of Life Time Fitness from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $43.00 price target on the stock, down previously from $56.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Life Time Fitness in a research note on Friday. They now have a $52.00 price target on the stock, down previously from $57.00. Finally, analysts at Feltl & Co. downgraded shares of Life Time Fitness from a “strong-buy” rating to a “buy” rating in a research note on Friday. They now have a $55.50 price target on the stock, down previously from $71.40. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $51.58.
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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