Life Time Group (NYSE:LTH) EVP Sells 5,666 Shares

Key Points

• Life Time Group EVP Ritadhwaja Singh sold 5,666 shares at an average price of $44, generating $249,304 and reducing the executive’s ownership by 3.93% to 138,351 shares.
• Life Time reported quarterly EPS of $0.48, beating estimates by $0.11, while revenue of $866 million exceeded forecasts and increased 13.7% year over year.
• Despite the insider sale, analysts maintain a positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $54.85; institutional investors own 79.4% of shares.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Singh sold 5,666 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.00, for a total value of $249,304.00. Following the completion of the transaction, the executive vice president directly owned 138,351 shares of the company's stock, valued at $6,087,444. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 transaction of $2,618,576.15.

Life Time Group Stock Performance

Shares of NYSE:LTH traded down $0.81 during trading on Tuesday, hitting $42.42. 2,666,041 shares of the stock traded hands, compared to its average volume of 2,910,728. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $43.26 and a two-hundred day moving average price of $34.74. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $47.24. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 1.56 and a beta of 1.48.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million for the quarter, compared to the consensus estimate of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in LTH. Arizona State Retirement System lifted its position in shares of Life Time Group by 1.0% in the second quarter. Arizona State Retirement System now owns 39,782 shares of the company's stock valued at $1,625,000 after acquiring an additional 412 shares in the last quarter. Nykredit A S purchased a new stake in shares of Life Time Group during the second quarter worth approximately $47,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Life Time Group in the 2nd quarter valued at $388,000. California State Teachers Retirement System raised its stake in Life Time Group by 3,933.8% in the 2nd quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company's stock valued at $278,210,000 after purchasing an additional 6,643,315 shares during the last quarter. Finally, Odyssean LLC lifted its holdings in Life Time Group by 23.8% in the 2nd quarter. Odyssean LLC now owns 70,954 shares of the company's stock valued at $2,898,000 after purchasing an additional 13,631 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on LTH shares. Guggenheim reissued a "buy" rating and issued a $50.00 price objective on shares of Life Time Group in a report on Wednesday, August 12th. KeyCorp increased 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. Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a research note on Friday, July 31st. Oppenheimer boosted their price target on shares of Life Time Group from $43.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Life Time Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $54.85.

About Life Time Group

Life Time Group NYSE: LTH is a premier operator of health, fitness and lifestyle centers across North America. The company's core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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