Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 18,729 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 18,729 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $42.04, for a total value of $787,367.16. Following the sale, the executive vice president owned 138,351 shares in the company, valued at approximately $5,816,276.04. The trade was a 11.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, September 11th, Ritadhwaja Singh sold 154,912 shares of Life Time Group stock. The shares were sold at an average price of $42.00, for a total value of $6,506,304.00.
• On Thursday, September 3rd, Ritadhwaja Singh sold 5,666 shares of Life Time Group stock. The shares were sold at an average price of $44.00, for a total value of $249,304.00.
• 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 Price Performance

Life Time Group stock opened at $41.61 on Friday. 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 quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The firm’s 50-day simple moving average is $43.36 and its 200 day simple moving average is $35.06. The firm has a market capitalization of $9.30 billion, a PE ratio of 22.61, a P/E/G ratio of 1.50 and a beta of 1.48.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

LTH has been the subject of a number of recent research reports. Northland Securities set a $57.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. KeyCorp upped their target price on Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Bank of America reiterated a “buy” rating and set a $51.00 target price on shares of Life Time Group in a report on Friday, July 31st. The Goldman Sachs Group initiated coverage on Life Time Group in a research report on Monday, August 3rd. They set a “buy” rating and a $53.00 price target for the company. Finally, Guggenheim reissued a “buy” rating and issued a $50.00 price target on shares of Life Time Group in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Buy” and a consensus price target of $54.85.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LTH. Wexford Capital LP purchased a new stake in Life Time Group in the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the last quarter. Nykredit A S purchased a new position in Life Time Group during the second quarter worth approximately $47,000. Kemnay Advisory Services Inc. purchased a new position in Life Time Group during the fourth quarter worth approximately $73,000. Finally, Versant Capital Management Inc boosted its holdings in shares of 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 purchasing an additional 1,339 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other 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.