Ritadhwaja Jebens Singh Sells 5,880 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 5,880 shares of Life Time Group stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $30.31, for a total transaction of $178,222.80. Following the completion of the transaction, the executive vice president owned 102,144 shares in the company, valued at $3,095,984.64. This trade represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, January 23rd, Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock. The shares were sold at an average price of $29.75, for a total value of $359,618.00.

Life Time Group Trading Up 0.4%

Life Time Group stock opened at $29.66 on Thursday. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $34.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. The firm has a market capitalization of $6.54 billion, a PE ratio of 22.99, a PEG ratio of 0.88 and a beta of 1.68. The business’s 50-day simple moving average is $27.35 and its 200-day simple moving average is $27.22.

Life Time Group (NYSE:LTH) last released its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On Life Time Group

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Morgan Stanley reduced their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Guggenheim restated a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Northland Securities set a $42.00 price objective on Life Time Group in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Life Time Group currently 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.