Life Time Group (NYSE:LTH) CFO Sells $230,148.99 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 5,787 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $39.77, for a total transaction of $230,148.99. Following the completion of the sale, the chief financial officer directly owned 83,131 shares of the company’s stock, valued at approximately $3,306,119.87. This trade represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 Performance

Shares of LTH stock traded up $0.51 during mid-day trading on Wednesday, hitting $40.17. 3,241,679 shares of the stock were exchanged, compared to its average volume of 2,956,718. The stock’s fifty day simple moving average is $42.22 and its two-hundred day simple moving average is $37.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $47.24. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.46 and a beta of 1.49.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $845.75 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Institutional Investors Weigh In On Life Time Group

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

Analyst Upgrades and Downgrades

Several research analysts have commented on LTH shares. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada increased their price objective on Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wells Fargo & Company increased their price objective on Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 31st. The Goldman Sachs Group started coverage on shares of Life Time Group in a research report on Monday, August 3rd. They set a “buy” rating and a $53.00 target price on the stock. Finally, UBS Group set a $63.00 target price on shares of Life Time Group in a report on Wednesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Buy” and a consensus target price of $55.31.

About Life Time Group

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.