Life Time Group Holdings, Inc. (NYSE:LTH) Short Interest Update

Life Time Group Holdings, Inc. (NYSE:LTH) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 7,619,404 shares, a growth of 26.2% from the December 31st total of 6,039,442 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,157,812 shares, the short-interest ratio is presently 3.5 days. Based on an average daily trading volume, of 2,157,812 shares, the short-interest ratio is presently 3.5 days. Approximately 3.8% of the shares of the stock are sold short.

Insider Activity

In related news, EVP Eric J. Buss sold 162,722 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at $10,674,351.32. This trade represents a 29.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ritadhwaja Jebens Singh sold 12,088 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $29.75, for a total value of $359,618.00. Following the sale, the executive vice president owned 110,967 shares in the company, valued at $3,301,268.25. This represents a 9.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 256,670 shares of company stock worth $7,234,567. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares in the last quarter. Wexford Capital LP acquired a new stake in Life Time Group in the third quarter worth $40,000. EverSource Wealth Advisors LLC increased its stake in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after purchasing an additional 749 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Life Time Group by 10,150.0% during the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock worth $51,000 after purchasing an additional 1,624 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Trading Down 2.6%

LTH stock traded down $0.78 during midday trading on Tuesday, hitting $29.54. The stock had a trading volume of 2,588,093 shares, compared to its average volume of 2,291,292. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market cap of $6.51 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.68. The business has a fifty day moving average price of $27.32 and a two-hundred day moving average price of $27.20. Life Time Group has a 1-year low of $24.14 and a 1-year high of $34.99.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%.The firm had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. On average, sell-side analysts predict that Life Time Group will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

LTH has been the topic of several recent research reports. UBS Group set a $48.00 target price on shares of Life Time Group in a research report on Friday, October 17th. Guggenheim reaffirmed a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Zacks Research cut shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, Morgan Stanley lowered their target price on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Nine analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.77.

Life Time Group Company Profile

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.