Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 1,329 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,329 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total transaction of $34,195.17. Following the completion of the transaction, the chief financial officer owned 136,166 shares in the company, valued at $3,503,551.18. This trade represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Erik Weaver also recently made the following trade(s):

• On Tuesday, February 3rd, Erik Weaver sold 1,493 shares of Life Time Group stock. The stock was sold at an average price of $29.90, for a total transaction of $44,640.70.

Life Time Group Price Performance

Shares of NYSE LTH opened at $26.14 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $5.80 billion, a PE ratio of 15.75, a P/E/G ratio of 1.16 and a beta of 1.69. The firm has a fifty day simple moving average of $28.11 and a 200 day simple moving average of $27.25. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $34.99.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The firm had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. During the same period last year, the company posted $0.27 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on LTH shares. Guggenheim reiterated a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Morgan Stanley lifted their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. Finally, Zacks Research raised shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.71.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after purchasing an additional 143,487 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 worth $216,644,000 after purchasing an additional 2,091,712 shares during the period. Dimensional Fund Advisors LP grew its position in Life Time Group by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,021,829 shares of the company’s stock valued at $186,646,000 after buying an additional 1,061,839 shares during the period. Wellington Management Group LLP increased its holdings in Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after buying an additional 34,964 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in 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 valued at $117,797,000 after acquiring 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.