Life Time Group (NYSE:LTH) EVP Sells $359,618.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 12,088 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the transaction, the executive vice president directly owned 110,967 shares in the company, valued at $3,301,268.25. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Life Time Group Trading Up 1.2%

NYSE:LTH opened at $29.32 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $34.99. The company has a market cap of $6.47 billion, a PE ratio of 22.73, a PEG ratio of 0.86 and a beta of 1.68. The firm has a 50-day moving average of $27.13 and a 200-day moving average of $27.26.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Guggenheim restated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. UBS Group set a $48.00 price target on shares of Life Time Group in a research report on Friday, October 17th. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday. Morgan Stanley dropped their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 12th. Finally, Northland Securities set a $42.00 target price on Life Time Group in a report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.77.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its holdings in Life Time Group by 41.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 23,836 shares of the company’s stock valued at $634,000 after purchasing an additional 7,031 shares during the period. Cornerstone Investment Partners LLC grew its stake in shares of Life Time Group by 134.4% during the 4th quarter. Cornerstone Investment Partners LLC now owns 26,053 shares of the company’s stock worth $692,000 after acquiring an additional 14,938 shares during the period. Verdence Capital Advisors LLC purchased a new stake in Life Time Group in the 4th quarter worth about $4,051,000. Teachers Retirement System of The State of Kentucky raised its stake in Life Time Group by 7.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 57,410 shares of the company’s stock valued at $1,526,000 after acquiring an additional 4,102 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after purchasing an additional 143,487 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.