Life Time Group (NYSE:LTH) CFO Sells $300,943.79 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 6,713 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $44.83, for a total value of $300,943.79. Following the completion of the sale, the chief financial officer directly owned 76,418 shares of the company’s stock, valued at approximately $3,425,818.94. This trade represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, October 12th, Erik Weaver sold 5,787 shares of Life Time Group stock. The shares were sold at an average price of $39.77, for a total value of $230,148.99.

Life Time Group Stock Performance

Shares of LTH stock opened at $47.73 on Friday. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.49 and a beta of 1.46. Life Time Group Holdings, Inc. has a 1-year low of $24.45 and a 1-year high of $48.61. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $41.75 and its 200-day simple moving average is $35.62.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The firm had revenue of $893.52 million during the quarter, compared to the consensus estimate of $874.98 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LTH has been the subject of a number of research analyst reports. Bank of America reissued a “buy” rating and issued a $51.00 price target on shares of Life Time Group in a research report on Friday, July 31st. The Goldman Sachs Group restated a “buy” rating and set a $56.00 price target on shares of Life Time Group in a report on Friday, October 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Life Time Group in a research report on Wednesday, September 23rd. Morgan Stanley upped their price objective on shares of Life Time Group from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, October 27th. Finally, Guggenheim upped their price objective on shares of Life Time Group from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Fifteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.14.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently modified their holdings of LTH. Maryland State Retirement & Pension System grew its stake in shares of Life Time Group by 89.0% in the 3rd quarter. Maryland State Retirement & Pension System now owns 42,362 shares of the company’s stock valued at $1,689,000 after buying an additional 19,945 shares in the last quarter. Lisanti Capital Growth LLC acquired a new position in Life Time Group in the third quarter worth approximately $4,079,000. New York Life Investment Management LLC acquired a new position in Life Time Group in the third quarter worth approximately $947,000. Ethic Inc. raised its position in Life Time Group by 32.2% during the third quarter. Ethic Inc. now owns 17,709 shares of the company’s stock valued at $706,000 after acquiring an additional 4,316 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Life Time Group by 5.2% during the third quarter. Pictet Asset Management Holding SA now owns 24,773 shares of the company’s stock valued at $988,000 after acquiring an additional 1,232 shares in 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 (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.