Life Time Group (NYSE:LTH) EVP Parham Javaheri Sells 62,900 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 62,900 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $31.80, for a total value of $2,000,220.00. Following the transaction, the executive vice president directly owned 246,574 shares in the company, valued at $7,841,053.20. This trade represents a 20.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Parham Javaheri also recently made the following trade(s):

• On Friday, March 13th, Parham Javaheri sold 11,060 shares of Life Time Group stock. The stock was sold at an average price of $26.46, for a total value of $292,647.60.

Life Time Group Stock Up 1.4%

Shares of NYSE:LTH traded up $0.44 during trading on Monday, hitting $32.37. 3,873,361 shares of the company were exchanged, compared to its average volume of 2,944,169. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The stock has a market cap of $7.20 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.32 and a beta of 1.50. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $33.95. The firm has a fifty day moving average price of $27.15 and a two-hundred day moving average price of $27.11.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LTH shares. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Wells Fargo & Company boosted their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. KeyCorp started coverage on Life Time Group in a report on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group currently has a consensus rating of “Buy” and an average price target of $40.40.

Institutional Trading of Life Time Group

Several institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in Life Time Group by 244.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 35,492 shares of the company’s stock valued at $956,000 after purchasing an additional 25,200 shares during the period. Dimensional Fund Advisors LP boosted its stake in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after purchasing an additional 1,068,208 shares during the period. Swiss National Bank boosted its stake in Life Time Group by 0.6% in the 1st quarter. Swiss National Bank now owns 283,700 shares of the company’s stock valued at $7,643,000 after purchasing an additional 1,800 shares during the period. Bank of New York Mellon Corp boosted its stake in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after purchasing an additional 380,610 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in Life Time Group in the 1st quarter valued at $596,000. 79.40% of the stock is currently owned by institutional investors.

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.