Life Time Group (NYSE:LTH) CEO Sells 438,257 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi sold 438,257 shares of Life Time Group stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the sale, the chief executive officer owned 3,615,086 shares in the company, valued at $162,787,322.58. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life Time Group Stock Up 1.6%

Shares of LTH stock traded up $0.69 during trading on Tuesday, reaching $44.86. The company’s stock had a trading volume of 3,194,806 shares, compared to its average volume of 2,931,984. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $47.24. The business has a fifty day moving average price of $38.70 and a 200-day moving average price of $32.05. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.50. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. Analysts anticipate that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LTH shares. Oppenheimer raised their price objective on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. UBS Group increased their price target on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings upgraded Life Time Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Northland Securities set a $57.00 price objective on Life Time Group in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $53.77.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently bought and sold shares of LTH. Royal Bank of Canada grew its holdings in Life Time Group by 140.4% during the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after buying an additional 14,267 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Life Time Group during the 1st quarter worth approximately $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Life Time Group by 47.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after acquiring an additional 64,348 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.