Insider Selling: Life Time Group (NYSE:LTH) CFO Sells 6,713 Shares of Company Stock

Key Points

• CFO Erik Weaver sold 6,713 Life Time Group shares on October 30 at an average price of $44.83, receiving about $300,944. He retained 76,418 shares; the sale reduced his stake by 8.08%.
• Life Time reported quarterly EPS of $0.51, beating the $0.41 consensus, while revenue of $893.5 million exceeded estimates and rose 14.1% year over year.
• Analysts remain broadly positive: 15 rate the stock Buy and one Hold, with a consensus price target of $56.14. Recent target increases included Wells Fargo’s move to $53 and RBC’s to $60.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 6,713 shares of the business's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $44.83, for a total value of $300,943.79. Following the transaction, the chief financial officer owned 76,418 shares in the company, valued at $3,425,818.94. This represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 12th, Erik Weaver sold 5,787 shares of Life Time Group stock. The shares were sold at an average price of $39.77, for a total value of $230,148.99.

Life Time Group Stock Performance

Shares of LTH stock traded up $0.81 during mid-day trading on Tuesday, reaching $44.63. The stock had a trading volume of 3,773,532 shares, compared to its average volume of 3,000,209. The firm's 50 day simple moving average is $41.66 and its 200 day simple moving average is $35.32. 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 one year low of $24.14 and a one year high of $47.32. The firm has a market cap of $9.97 billion, a PE ratio of 24.25, a P/E/G ratio of 1.56 and a beta of 1.49.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%. Life Time Group's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. On average, analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in Life Time Group in the 3rd quarter valued at $36,000. Nykredit A S bought a new stake in Life Time Group in the second quarter valued at $47,000. Anchor Investment Management LLC bought a new stake in Life Time Group in the second quarter valued at $68,000. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock worth $48,000 after acquiring an additional 587 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock worth $74,000 after acquiring an additional 1,339 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LTH shares. Wells Fargo & Company lifted their price target on shares of Life Time Group from $51.00 to $53.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group set a $63.00 price target on shares of Life Time Group in a report on Wednesday, September 23rd. Northland Securities set a $57.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a "buy" rating and set a $56.00 price objective on shares of Life Time Group in a report on Friday. Finally, Royal Bank Of Canada lifted their target price on shares of Life Time Group from $50.00 to $60.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Fifteen research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Life Time Group presently has a consensus rating of "Moderate Buy" and an average price target of $56.14.

Life Time Group Company Profile

Life Time Group Holdings, Inc NYSE: LTH operates a network of luxury athletic country clubs in the United States and Canada. The company's facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.

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