Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 18,729 Shares of Stock

Key Points

• Life Time Group EVP Ritadhwaja Jebens Singh sold 18,729 shares at an average price of $42.04, generating approximately $787,367 and reducing his direct holdings by 11.92% to 138,351 shares.
• Singh has made several recent sales, including 154,912 shares on September 11 for about $6.5 million, while Life Time’s stock traded near $41.61 and remains well above its 12-month low.
• Despite the insider selling, Life Time reported quarterly earnings and revenue above analyst expectations, and analysts maintain a largely positive outlook with an average “Buy” rating and a $54.85 price target.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Singh sold 18,729 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $42.04, for a total transaction of $787,367.16. Following the completion of the transaction, the executive vice president directly owned 138,351 shares in the company, valued at $5,816,276.04. The trade was a 11.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, September 11th, Ritadhwaja Singh sold 154,912 shares of Life Time Group stock. The shares were sold at an average price of $42.00, for a total transaction of $6,506,304.00.
• On Thursday, September 3rd, Ritadhwaja Singh sold 5,666 shares of Life Time Group stock. The shares were sold at an average price of $44.00, for a total value of $249,304.00.
• 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 value of $2,618,576.15.

Life Time Group Trading Up 0.3%

NYSE:LTH traded up $0.13 during trading hours on Friday, reaching $41.61. 2,358,773 shares of the stock were exchanged, compared to its average volume of 2,899,974. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24. The business has a 50-day moving average of $43.34 and a two-hundred day moving average of $35.01. The company has a market capitalization of $9.30 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.51 and a beta of 1.48. 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 (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.11. The business had revenue of $866.00 million during 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 company's revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. On average, equities analysts predict that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC purchased a new stake in Life Time Group during the 2nd quarter worth about $288,000. Tidal Investments LLC purchased a new position in shares of Life Time Group in the 2nd quarter valued at about $14,439,000. WINTON GROUP Ltd boosted its stake in shares of Life Time Group by 139.3% in the 2nd quarter. WINTON GROUP Ltd now owns 93,307 shares of the company's stock valued at $3,811,000 after buying an additional 54,316 shares during the period. Maven Securities LTD acquired a new position in shares of Life Time Group during the second quarter worth about $1,034,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Life Time Group during the second quarter worth about $2,183,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on LTH. KeyCorp lifted their target price on Life Time Group from $40.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Guggenheim reissued a "buy" rating and set a $50.00 price target on shares of Life Time Group in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. Bank of America restated a "buy" rating and issued a $51.00 price objective on shares of Life Time Group in a report on Friday, July 31st. Finally, UBS Group upped their target price on shares of Life Time Group from $43.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to MarketBeat.com, Life Time Group has an average rating of "Buy" and an average price target of $54.85.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.