Ritadhwaja Jebens Singh Sells 5,666 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 5,666 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $44.00, for a total transaction of $249,304.00. Following the completion of the sale, the executive vice president owned 138,351 shares of the company’s stock, valued at $6,087,444. This trade represents a 3.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The stock was sold at an average price of $38.65, for a total transaction of $2,618,576.15.

Life Time Group Price Performance

LTH stock opened at $41.79 on Thursday. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.53 and a beta of 1.48. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $43.33 and a 200-day moving average of $34.92. 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 released its quarterly earnings data 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. The firm had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.Life Time Group’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. As a group, equities analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. Thrivent Financial for Lutherans acquired a new position in shares of Life Time Group in the 4th quarter valued at $41,721,000. Handelsbanken Fonder AB boosted its holdings in Life Time Group by 138.3% in the second quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after acquiring an additional 36,800 shares during the last quarter. Quantinno Capital Management LP grew its position in Life Time Group by 455.2% during the first quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock valued at $2,050,000 after acquiring an additional 62,393 shares during the period. Geode Capital Management LLC raised its holdings in shares of Life Time Group by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock worth $93,572,000 after purchasing an additional 207,822 shares during the period. Finally, Norges Bank acquired a new position in shares of Life Time Group in the 4th quarter valued at about $49,228,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LTH. The Goldman Sachs Group started coverage on shares of Life Time Group in a report on Monday, August 3rd. They set a “buy” rating and a $53.00 target price for the company. Royal Bank Of Canada upped their target price on Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley boosted their price target on Life Time Group from $39.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Wells Fargo & Company lifted their price objective on Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Northland Securities set a $57.00 target price on shares of Life Time Group in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $54.85.

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.