Life Time Group (NYSE:LTH) Director Sells $1,363,384.51 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director Jimena Almendares sold 40,589 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the transaction, the director directly owned 36,983 shares in the company, valued at $1,242,258.97. This trade represents a 52.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Life Time Group Trading Down 0.2%

NYSE LTH opened at $34.23 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55. The company’s 50-day simple moving average is $30.59 and its two-hundred day simple moving average is $28.48. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $35.33.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LTH shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research report on Wednesday, May 6th. Mizuho lifted their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, UBS Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.30.

Institutional Trading of Life Time Group

Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after purchasing an additional 587 shares during the last quarter. California State Teachers Retirement System grew its position in Life Time Group by 24.9% during the 1st quarter. California State Teachers Retirement System now owns 168,879 shares of the company’s stock worth $4,550,000 after purchasing an additional 33,661 shares during the last quarter. Royal Bank of Canada grew its position in Life Time Group by 3.9% during the 1st quarter. Royal Bank of Canada now owns 72,729 shares of the company’s stock worth $1,959,000 after purchasing an additional 2,700 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Life Time Group by 38.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after purchasing an additional 487,478 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Life Time Group by 455.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock worth $2,050,000 after purchasing an additional 62,393 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Company Profile

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.