Life Time Group (NYSE:LTH) EVP Sells $249,304.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 5,666 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.00, for a total value of $249,304.00. Following the completion of the transaction, the executive vice president owned 138,351 shares of the company’s stock, valued at $6,087,444. The trade was a 3.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The stock was sold at an average price of $38.65, for a total value of $2,618,576.15.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $41.41 on Friday. The stock has a 50 day moving average price of $43.34 and a 200 day moving average price of $35.01. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $47.24. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The stock has a market capitalization of $9.25 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business’s revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on LTH. KeyCorp increased their price target on shares of Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a report on Friday, July 31st. Finally, The Goldman Sachs Group started coverage on Life Time Group in a report on Monday, August 3rd. They set a “buy” rating and a $53.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of “Buy” and a consensus price target of $54.85.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. Nykredit A S bought a new position in shares of Life Time Group in the second quarter valued at about $47,000. Wexford Capital LP bought a new stake in shares of Life Time Group during the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC grew its stake in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after buying an additional 1,002 shares during the last quarter. Versant Capital Management Inc grew its stake in Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after buying an additional 1,339 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Life Time Group in the 4th quarter valued at about $73,000. 79.40% of the stock is owned by institutional investors.

Life Time Group Company Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.