Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells $1,360,688.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the sale, the executive vice president now directly owns 143,030 shares in the company, valued at $4,004,840. This trade represents a 25.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The shares were sold at an average price of $25.00, for a total value of $625,000.00.

Life Time Group Price Performance

NYSE:LTH opened at $28.60 on Friday. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $28.92. The stock has a fifty day moving average of $23.85 and a 200 day moving average of $23.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 0.98 and a beta of 1.89.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. On average, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LTH. Wells Fargo & Company upped their price target on Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Evercore ISI began coverage on shares of Life Time Group in a research note on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Oppenheimer boosted their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Craig Hallum raised their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.95.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently bought and sold shares of LTH. Amalgamated Bank raised its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares in the last quarter. R Squared Ltd bought a new position in Life Time Group in the fourth quarter valued at $42,000. Farther Finance Advisors LLC raised its position in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Life Time Group during the third quarter worth about $60,000. Finally, Blue Trust Inc. boosted its holdings in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $72,000 after purchasing an additional 2,280 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.