Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 25,000 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the executive vice president now owns 191,626 shares of the company’s stock, valued at approximately $4,790,650. The trade was a 11.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Life Time Group Trading Up 3.9 %

NYSE:LTH opened at $27.67 on Friday. The business’s 50-day simple moving average is $23.63 and its 200-day simple moving average is $23.30. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The stock has a market capitalization of $5.73 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LTH has been the topic of several recent research reports. Evercore ISI assumed coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Guggenheim reaffirmed a “buy” rating and set a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a report on Friday. Morgan Stanley increased their price target on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Northland Securities increased their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.75.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC acquired a new stake in Life Time Group in the 4th quarter valued at $542,000. Moody National Bank Trust Division grew its holdings in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after acquiring an additional 911 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Life Time Group by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after acquiring an additional 356,255 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock worth $89,045,000 after acquiring an additional 46,710 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Life Time Group during the third quarter valued at approximately $31,575,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.