Life Time Group (NYSE:LTH) Trading Down 5.9% – Should You Sell?

Shares of Life Time Group Holdings, Inc. (NYSE:LTH) dropped 5.9% during mid-day trading on Wednesday . The stock traded as low as $26.02 and last traded at $26.1960. Approximately 939,300 shares were traded during trading, a decline of 58% from the average daily volume of 2,225,325 shares. The stock had previously closed at $27.85.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LTH. Guggenheim reaffirmed a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Morgan Stanley increased their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and a consensus target price of $36.85.

Life Time Group Stock Down 4.5%

The stock has a market cap of $5.87 billion, a PE ratio of 20.55, a PEG ratio of 0.75 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The company has a 50 day moving average price of $28.10 and a two-hundred day moving average price of $27.29.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%.The company had revenue of $745.10 million during the quarter, compared to the consensus estimate of $740.09 million. During the same period last year, the company earned $0.27 EPS. Life Time Group’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Insider Transactions at Life Time Group

In other news, EVP Eric J. Buss sold 74,487 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $28.05, for a total transaction of $2,089,360.35. Following the completion of the transaction, the executive vice president directly owned 380,683 shares of the company’s stock, valued at $10,678,158.15. The trade was a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ritadhwaja Jebens Singh sold 5,880 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $30.31, for a total transaction of $178,222.80. Following the transaction, the executive vice president owned 102,144 shares in the company, valued at approximately $3,095,984.64. This trade represents a 5.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 93,948 shares of company stock worth $2,671,842 over the last three months. 8.70% of the stock is currently owned by company insiders.

Institutional Trading of Life Time Group

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Life Time Group by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares during the period. Ameriprise Financial Inc. increased its position in shares of 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 purchasing an additional 2,091,712 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Life Time Group by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,021,829 shares of the company’s stock valued at $186,646,000 after purchasing an additional 1,061,839 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after buying an additional 2,156,033 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.