Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 47,748 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 47,748 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $44.80, for a total value of $2,139,110.40. Following the sale, the chief financial officer owned 88,918 shares in the company, valued at approximately $3,983,526.40. This trade represents a 34.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Erik Weaver also recently made the following trade(s):

• On Thursday, May 7th, Erik Weaver sold 22,000 shares of Life Time Group stock. The stock was sold at an average price of $32.69, for a total value of $719,180.00.

Life Time Group Stock Performance

NYSE LTH opened at $44.86 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The business has a fifty day moving average of $38.93 and a 200-day moving average of $32.18. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted 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. The business had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. As a group, analysts predict that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LTH. Vanguard Group Inc. grew its holdings in Life Time Group by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after purchasing an additional 143,487 shares during the period. 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 purchasing an additional 1,068,208 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Life Time Group by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after purchasing an additional 34,964 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Life Time Group by 102.1% during the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after buying an additional 2,156,033 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on LTH. Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a report on Friday. Oppenheimer raised their target price on shares of Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, UBS Group increased 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. One investment analyst has rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $53.77.

Key Stories Impacting Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Management raised its earnings outlook following the second-quarter earnings call, citing rapid growth. The company’s latest quarter also exceeded expectations, with earnings of $0.48 per share versus the $0.37 consensus estimate and revenue growth of 13.7% year over year. Life Time Group Lifts Earnings Outlook Amid Rapid Growth
• Positive Sentiment: Several analysts raised their price targets for LTH to $64, $52 and $51, indicating continued confidence in the premium health-club operator’s growth prospects and suggesting upside from recent trading levels. Life Time Group Price Target Raised to $64 Life Time Group Price Target Raised to $52 Life Time Group Price Target Raised to $51
• Positive Sentiment: Life Time is being highlighted as a beneficiary of the broader wellness boom, as consumers continue to spend on premium fitness clubs and health-related services. Best Health and Fitness Stocks for Investors Amid Wellness Boom
• Negative Sentiment: Multiple senior executives disclosed sizable insider sales completed July 31. CEO Bahram Akradi sold about $19.7 million of shares, EVP Eric Buss sold $21.6 million, EVP Parham Javaheri sold $2.8 million and CFO Erik Weaver sold $2.1 million. The transactions reduced their holdings by roughly 11% to 50% and could weigh on investor sentiment, although all retained shares. SEC insider trading filing

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.