Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 5,787 Shares of Company Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 5,787 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $39.77, for a total transaction of $230,148.99. Following the transaction, the chief financial officer owned 83,131 shares of the company’s stock, valued at $3,306,119.87. The trade was a 6.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, July 31st, Erik Weaver sold 47,748 shares of Life Time Group stock. The shares were sold at an average price of $44.80, for a total transaction of $2,139,110.40.

Life Time Group Stock Up 1.3%

Shares of LTH stock opened at $40.17 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24. The firm’s fifty day moving average price is $42.12 and its two-hundred day moving average price is $37.36. The firm has a market capitalization of $8.98 billion, a P/E ratio of 27.16, a PEG ratio of 1.43 and a beta of 1.49.

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

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of LTH. Dimensional Fund Advisors LP raised its position in shares of Life Time Group by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after purchasing an additional 1,068,208 shares during the period. Wellington Management Group LLP lifted its stake in shares of Life Time Group by 1.6% during the 2nd quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after buying an additional 99,154 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Life Time Group by 18.1% during the 1st quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company’s stock worth $69,760,000 after buying an additional 397,248 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Life Time Group by 38.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after buying an additional 487,478 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Life Time Group by 79.0% during the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock worth $23,236,000 after buying an additional 380,610 shares during the period. Institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Northland Securities set a $57.00 target price on Life Time Group in a report on Friday, July 31st. Bank of America reissued a “buy” rating and set a $51.00 price target on shares of Life Time Group in a research report on Friday, July 31st. Oppenheimer raised their price target on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Guggenheim reaffirmed a “buy” rating and set a $50.00 price target on shares of Life Time Group in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada boosted their price target on Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat, Life Time Group presently has an average rating of “Buy” and an average price target of $55.31.

Life Time Group Company Profile

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness centers under the Life Time brand. Its facilities offer fitness equipment and training, group exercise classes, indoor and outdoor pools, sports courts, childcare, spas, salons, cafés and other services designed to support health, wellness and an active lifestyle.

The company also provides personal training, performance programs, nutrition services and organized athletic activities, including events and leagues for sports such as pickleball and tennis.