Life Time Group (NYSE:LTH) Stock Sees Unusually High Put Option Buying

Life Time Group Holdings, Inc. (NYSE:LTH) was the target of some unusual options trading activity on Friday. Investors acquired 8,800 put options on the stock. This represents an increase of 515% compared to the average daily volume of 1,430 put options.

Insider Buying and Selling at Life Time Group

In related news, CEO Bahram Akradi sold 438,257 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the sale, the chief executive officer directly owned 3,615,086 shares of the company’s stock, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Parham Javaheri sold 63,203 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $45.09, for a total transaction of $2,849,823.27. Following the completion of the transaction, the executive vice president owned 183,371 shares in the company, valued at $8,268,198.39. This represents a 25.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 6,966,063 shares of company stock worth $306,031,935. 13.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nykredit A S bought a new position in Life Time Group in the second quarter worth about $47,000. Anchor Investment Management LLC bought a new position in shares of Life Time Group during the second quarter valued at approximately $68,000. EverSource Wealth Advisors LLC grew its holdings in shares of Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after purchasing an additional 587 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after purchasing an additional 1,339 shares during the period. Finally, Phillip James Consulting Co. acquired a new stake in shares of Life Time Group during the 1st quarter worth approximately $91,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on LTH shares. The Goldman Sachs Group began coverage on Life Time Group in a research note on Monday, August 3rd. They issued a “buy” rating and a $53.00 price target on the stock. Wells Fargo & Company raised their price objective on Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their price objective on Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Oppenheimer upped their target price on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Finally, Guggenheim reiterated a “buy” rating and set a $50.00 target price on shares of Life Time Group in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat, Life Time Group has a consensus rating of “Buy” and a consensus price target of $55.31.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $0.70 during trading on Friday, reaching $41.06. The stock had a trading volume of 966,169 shares, compared to its average volume of 2,960,632. 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 stock has a market cap of $9.18 billion, a PE ratio of 22.36, a P/E/G ratio of 1.44 and a beta of 1.49. Life Time Group has a one year low of $24.14 and a one year high of $47.24. The firm’s 50 day moving average price is $42.89 and its two-hundred day moving average price is $36.45.

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

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.