Eric Buss Sells 479,240 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Eric Buss sold 479,240 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the sale, the executive vice president owned 474,008 shares in the company, valued at approximately $21,316,139.76. This trade represents a 50.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Life Time Group Trading Up 1.6%

LTH stock traded up $0.69 during midday trading on Tuesday, hitting $44.86. The stock had a trading volume of 3,194,806 shares, compared to its average volume of 2,931,984. The company’s 50-day moving average price is $38.70 and its 200 day moving average price is $32.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The firm has a market cap of $10.02 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.50. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $47.24.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, topping 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 company had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. During the same quarter in the prior year, the company posted $0.37 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently modified their holdings of LTH. Royal Bank of Canada increased its position in Life Time Group by 140.4% during the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Life Time Group by 25.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after acquiring an additional 14,267 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Life Time Group by 143.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after acquiring an additional 1,428,446 shares during the period. Caxton Associates LLP acquired a new position in shares of Life Time Group during the 1st quarter valued at $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Life Time Group by 47.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after acquiring an additional 64,348 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LTH has been the topic of a number of research analyst reports. UBS Group raised their price target on Life Time Group from $43.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group upped their price objective on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, June 29th. KeyCorp increased their price objective on shares of Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday. Bank of America reissued a “buy” rating and issued a $51.00 target price on shares of Life Time Group in a research report on Friday. Finally, Guggenheim boosted their target price on shares of Life Time Group from $41.00 to $50.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $53.77.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.