Life Time Group Holdings, Inc. (NYSE:LTH) Short Interest Update

Life Time Group Holdings, Inc. (NYSE:LTH) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,619,404 shares, an increase of 26.2% from the December 31st total of 6,039,442 shares. Based on an average daily trading volume, of 2,157,812 shares, the days-to-cover ratio is currently 3.5 days. Currently, 3.8% of the company’s stock are short sold. Currently, 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 2,157,812 shares, the days-to-cover ratio is currently 3.5 days.

Life Time Group Stock Down 2.6%

LTH stock traded down $0.78 during trading on Tuesday, reaching $29.54. The stock had a trading volume of 2,588,093 shares, compared to its average volume of 2,291,292. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 0.91 and a beta of 1.68. Life Time Group has a one year low of $24.14 and a one year high of $34.99. The company’s 50 day moving average is $27.32 and its two-hundred day moving average is $27.20.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $782.65 million for 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%. Equities research analysts forecast that Life Time Group will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LTH shares. UBS Group set a $48.00 price objective on shares of Life Time Group in a research note on Friday, October 17th. Zacks Research cut shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Northland Securities set a $42.00 price target on Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Guggenheim restated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Life Time Group has a consensus rating of “Moderate Buy” and a consensus target price of $36.77.

Insiders Place Their Bets

In other Life Time Group news, CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at approximately $2,325,352.90. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total value of $359,618.00. Following the sale, the executive vice president owned 110,967 shares of the company’s stock, valued at approximately $3,301,268.25. This represents a 9.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 256,670 shares of company stock worth $7,234,567. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of 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 stake in Life Time Group during the third quarter worth about $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 during the period. Nisa Investment Advisors LLC boosted its stake 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 last quarter. Finally, IFP Advisors Inc grew 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 valued at $51,000 after acquiring an additional 1,624 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.