Life Time Group (NYSE:LTH) Stock Price Down 5% Following Insider Selling

Life Time Group Holdings, Inc. (NYSE:LTH) traded down 5% during trading on Tuesday following insider selling activity. The company traded as low as $25.93 and last traded at $25.82. 647,961 shares changed hands during trading, a decline of 72% from the average session volume of 2,352,029 shares. The stock had previously closed at $27.17.

Specifically, EVP Parham Javaheri sold 84,744 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total transaction of $2,359,272.96. Following the transaction, the executive vice president now directly owns 249,526 shares of the company’s stock, valued at approximately $6,946,803.84. The trade was a 25.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Northland Securities set a $39.00 price target on Life Time Group and gave the stock a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price target on Life Time Group from $33.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Royal Bank Of Canada set a $35.00 price objective on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the stock a “hold” rating in a report on Friday, March 14th. Finally, Mizuho lifted their price objective on Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.92.

Life Time Group Stock Up 3.6%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.31 and a current ratio of 0.43. The firm has a market capitalization of $6.05 billion, a P/E ratio of 28.74 and a beta of 1.75. The stock has a fifty day moving average price of $29.74 and a two-hundred day moving average price of $28.44.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The business had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same period in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. Research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors have recently made changes to their positions in LTH. Kapitalo Investimentos Ltda acquired a new position in Life Time Group during the 4th quarter valued at approximately $33,000. Harbour Investments Inc. acquired a new position in Life Time Group during the 1st quarter valued at approximately $36,000. Sterling Capital Management LLC boosted its position in Life Time Group by 892.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after purchasing an additional 1,821 shares during the period. Quarry LP boosted its position in Life Time Group by 240.4% during the 4th quarter. Quarry LP now owns 2,335 shares of the company’s stock valued at $52,000 after purchasing an additional 1,649 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Life Time Group by 226.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock valued at $53,000 after purchasing an additional 1,214 shares during the period. 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.