Ritadhwaja Jebens Singh Sells 67,751 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 67,751 shares of Life Time Group stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total value of $2,618,576.15. Following the transaction, the executive vice president owned 138,351 shares of the company’s stock, valued at $5,347,266.15. The trade was a 32.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 6th, Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock. The stock was sold at an average price of $29.95, for a total value of $1,204,049.90.

Life Time Group Trading Up 2.9%

NYSE LTH opened at $41.02 on Friday. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $41.79. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average price is $32.48 and its 200-day moving average price is $29.17. The stock has a market cap of $9.13 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.69 and a beta of 1.55.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Life Time Group’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Life Time Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock valued at $372,608,000 after purchasing an additional 374,833 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Life Time Group during the 3rd quarter valued at about $8,280,000. Quantbot Technologies LP bought a new position in shares of Life Time Group during the 3rd quarter valued at approximately $3,472,000. TD Asset Management Inc grew its stake in shares of Life Time Group by 158.1% during the 3rd quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock valued at $2,110,000 after acquiring an additional 46,822 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Life Time Group by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,959,990 shares of the company’s stock worth $164,504,000 after acquiring an additional 537,121 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. Mizuho lifted their target price on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Morgan Stanley boosted their price target on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada upped their price target on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.09.

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.