Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 6,810 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 6,810 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total transaction of $204,300.00. Following the sale, the executive vice president now directly owns 136,220 shares of the company’s stock, valued at $4,086,600. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 21st, Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00.
• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The stock was sold at an average price of $25.00, for a total value of $625,000.00.

Life Time Group Stock Performance

Shares of LTH stock opened at $29.76 on Friday. The company has a fifty day moving average price of $24.35 and a two-hundred day moving average price of $23.85. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $30.39. The stock has a market cap of $6.16 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.73 and a beta of 1.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Amalgamated Bank increased its position in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after buying an additional 563 shares during the last quarter. R Squared Ltd acquired a new position in shares of Life Time Group during the 4th quarter worth approximately $42,000. Farther Finance Advisors LLC raised its stake 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 during the period. Point72 Hong Kong Ltd acquired a new stake in Life Time Group during the 3rd quarter valued at $60,000. Finally, Blue Trust Inc. lifted 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 valued at $72,000 after purchasing an additional 2,280 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LTH shares. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Northland Securities upped their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Oppenheimer increased their target price on shares of Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Finally, Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $31.77.

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.