Life Time Group (NYSE:LTH) EVP Sells $178,222.80 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 5,880 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total transaction of $178,222.80. Following the completion of the transaction, the executive vice president owned 102,144 shares of the company’s stock, valued at $3,095,984.64. This represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 23rd, Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock. The stock was sold at an average price of $29.75, for a total value of $359,618.00.

Life Time Group Stock Down 3.0%

Life Time Group stock opened at $28.76 on Friday. The company has a market capitalization of $6.34 billion, a P/E ratio of 22.29, a PEG ratio of 0.89 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.99. The stock has a 50-day simple moving average of $27.37 and a 200-day simple moving average of $27.23.

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

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP purchased a new position in Life Time Group in the third quarter worth $40,000. EverSource Wealth Advisors LLC raised its position in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LTH. Morgan Stanley decreased their price target on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. UBS Group set a $48.00 target price on shares of Life Time Group in a research note on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Guggenheim reaffirmed a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Finally, Zacks Research downgraded Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.77.

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.