Life Time Group (NYSE:LTH) EVP Eric Buss Sells 74,487 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Eric Buss sold 74,487 shares of the company’s stock in a transaction on Friday, November 28th. The shares were sold at an average price of $28.05, for a total value of $2,089,360.35. Following the completion of the sale, the executive vice president owned 380,683 shares of the company’s stock, valued at approximately $10,678,158.15. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Life Time Group Price Performance

Life Time Group stock traded down $0.64 during midday trading on Monday, hitting $27.28. The company’s stock had a trading volume of 2,618,832 shares, compared to its average volume of 2,419,911. Life Time Group Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $34.99. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6.02 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.68. The stock’s 50-day moving average price is $26.17 and its 200-day moving average price is $27.77.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The company had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Life Time Group has set its FY 2025 guidance at EPS. Analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

Large investors have recently modified their holdings of the stock. BlueCrest Capital Management Ltd acquired a new stake in Life Time Group in the 3rd quarter valued at $8,280,000. Penn Capital Management Company LLC boosted its stake in shares of Life Time Group by 0.7% in the 3rd quarter. Penn Capital Management Company LLC now owns 526,733 shares of the company’s stock valued at $14,574,000 after purchasing an additional 3,786 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Life Time Group in the 3rd quarter valued at $400,000. Oberweis Asset Management Inc. grew its holdings in shares of Life Time Group by 6.7% in the 3rd quarter. Oberweis Asset Management Inc. now owns 866,400 shares of the company’s stock worth $23,913,000 after purchasing an additional 54,100 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Life Time Group by 69.6% during the 3rd quarter. XTX Topco Ltd now owns 39,784 shares of the company’s stock worth $1,098,000 after purchasing an additional 16,323 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LTH. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. Morgan Stanley dropped their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, UBS Group set a $48.00 target price on shares of Life Time Group in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.