Insider Selling: Life Time Group (NYSE:LTH) EVP Sells 18,729 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 18,729 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $42.04, for a total transaction of $787,367.16. Following the transaction, the executive vice president owned 138,351 shares of the company’s stock, valued at $5,816,276.04. This trade represents a 11.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, September 11th, Ritadhwaja Singh sold 154,912 shares of Life Time Group stock. The stock was sold at an average price of $42.00, for a total transaction of $6,506,304.00.
• On Thursday, September 3rd, Ritadhwaja Singh sold 5,666 shares of Life Time Group stock. The shares were sold at an average price of $44.00, for a total value of $249,304.00.
• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The shares were sold at an average price of $38.65, for a total value of $2,618,576.15.

Life Time Group Stock Up 0.3%

NYSE LTH traded up $0.13 during trading on Friday, reaching $41.61. 2,358,773 shares of the company’s stock were exchanged, compared to its average volume of 2,899,974. The stock has a market cap of $9.30 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The company has a 50 day moving average price of $43.34 and a two-hundred day moving average price of $35.01. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LTH. Dimensional Fund Advisors LP increased its position in Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after buying an additional 1,068,208 shares during the period. Ameriprise Financial Inc. lifted its stake in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Life Time Group by 3,933.8% in the second quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company’s stock valued at $278,210,000 after acquiring an additional 6,643,315 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Life Time Group by 1.6% in the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock valued at $257,631,000 after acquiring an additional 99,154 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after acquiring an additional 2,156,033 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on LTH. Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Northland Securities set a $57.00 price objective on shares of Life Time Group in a research report on Friday, July 31st. Guggenheim restated a “buy” rating and issued a $50.00 target price on shares of Life Time Group in a report on Wednesday, August 12th. The Goldman Sachs Group assumed coverage on shares of Life Time Group in a research report on Monday, August 3rd. They issued a “buy” rating and a $53.00 target price on the stock. Finally, Oppenheimer lifted their price target on shares of Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Two analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $54.85.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.