Life Time Group (NYSE:LTH) EVP Sells $2,000,220.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 62,900 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $31.80, for a total transaction of $2,000,220.00. Following the completion of the sale, the executive vice president directly owned 246,574 shares of the company’s stock, valued at approximately $7,841,053.20. This trade represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Parham Javaheri also recently made the following trade(s):

• On Friday, March 13th, Parham Javaheri sold 11,060 shares of Life Time Group stock. The shares were sold at an average price of $26.46, for a total transaction of $292,647.60.

Life Time Group Stock Performance

LTH opened at $33.80 on Thursday. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 1.39 and a beta of 1.50. The company has a fifty day moving average of $27.63 and a 200 day moving average of $27.31. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period last year, the company posted $0.39 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after buying an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Life Time Group by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after buying an additional 1,068,208 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Life Time Group by 0.6% during the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after buying an additional 34,964 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Life Time Group by 102.1% during the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after buying an additional 2,156,033 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LTH shares. UBS Group restated a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. 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. Northland Securities set a $42.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Mizuho raised their target price on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, KeyCorp started coverage on shares of Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $40.40.

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.