Insider Selling: Life Time Group (NYSE:LTH) EVP Sells 162,722 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Eric Buss sold 162,722 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total value of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at approximately $10,674,351.32. This represents a 29.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Life Time Group Stock Down 2.3%

Shares of LTH traded down $0.64 during trading hours on Monday, reaching $27.28. The stock had a trading volume of 2,618,832 shares, compared to its average volume of 2,419,911. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 0.89 and a beta of 1.68. The firm has a 50-day simple moving average of $26.17 and a 200 day simple moving average of $27.77. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH) last released its quarterly 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 business had revenue of $782.65 million during the quarter, compared to the consensus estimate of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Life Time Group has set its FY 2025 guidance at EPS. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently modified their holdings of LTH. SBI Securities Co. Ltd. boosted its stake in Life Time Group by 19.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after buying an additional 693 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of Life Time Group by 1.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company’s stock valued at $1,321,000 after purchasing an additional 699 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Life Time Group by 98.9% during the 2nd 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 last quarter. Mackenzie Financial Corp lifted its stake in Life Time Group by 10.3% in the third quarter. Mackenzie Financial Corp now owns 8,516 shares of the company’s stock worth $235,000 after purchasing an additional 798 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Life Time Group by 6.5% during the second quarter. Teacher Retirement System of Texas now owns 14,877 shares of the company’s stock valued at $451,000 after buying an additional 907 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LTH has been the topic of several research analyst reports. UBS Group set a $48.00 price objective on Life Time Group in a research report on Friday, October 17th. Morgan Stanley decreased 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. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Life Time Group Company Profile

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.