Ritadhwaja Jebens Singh Sells 25,000 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life Time Group Trading Up 6.1 %

LTH traded up $1.52 during mid-day trading on Thursday, hitting $26.59. The stock had a trading volume of 4,958,058 shares, compared to its average volume of 1,912,326. The stock’s fifty day simple moving average is $23.54 and its 200-day simple moving average is $23.19. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $27.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The business had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LTH shares. Evercore ISI started coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Wells Fargo & Company boosted their target price on shares of Life Time Group from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Morgan Stanley boosted their price objective on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Northland Securities boosted their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.89.

Institutional Trading of Life Time Group

A number of large investors have recently bought and sold shares of LTH. Amalgamated Bank boosted its holdings in shares of Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares during the period. Farther Finance Advisors LLC lifted its position in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after acquiring an additional 906 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Life Time Group in the 3rd quarter worth $60,000. Blue Trust Inc. increased its holdings in Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Life Time Group by 268.2% in the 3rd quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after purchasing an additional 3,650 shares during the period. 79.40% of the stock is owned by institutional investors.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.