Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Jebens Singh sold 134,247 shares of Life Time Group stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.80, for a total value of $3,866,313.60. Following the sale, the executive vice president now directly owns 133,189 shares in the company, valued at approximately $3,835,843.20. This trade represents a 50.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Life Time Group Trading Down 3.7%
LTH stock traded down $1.04 during trading on Friday, hitting $27.11. The company had a trading volume of 2,899,846 shares, compared to its average volume of 1,823,564. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $29.91 and a 200-day moving average price of $28.36. Life Time Group Holdings, Inc. has a 12 month low of $17.75 and a 12 month high of $34.99. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 0.81 and a beta of 1.75.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm had revenue of $706.04 million during the quarter, compared to analysts' expectations of $684.06 million. During the same quarter in the previous year, the company posted $0.15 EPS. Life Time Group's revenue was up 18.3% on a year-over-year basis. As a group, analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.
Institutional Trading of Life Time Group
Several institutional investors and hedge funds have recently made changes to their positions in LTH. Kapitalo Investimentos Ltda bought a new stake in shares of Life Time Group during the 4th quarter valued at $33,000. Harbour Investments Inc. bought a new stake in shares of Life Time Group during the 1st quarter valued at $36,000. Sterling Capital Management LLC grew its holdings in shares of Life Time Group by 892.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,025 shares of the company's stock valued at $45,000 after buying an additional 1,821 shares during the period. Quarry LP grew its holdings in shares of Life Time Group by 240.4% in the 4th quarter. Quarry LP now owns 2,335 shares of the company's stock valued at $52,000 after buying an additional 1,649 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Life Time Group by 226.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company's stock valued at $53,000 after buying an additional 1,214 shares during the period. Institutional investors own 79.40% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on LTH. Northland Securities set a $39.00 price objective on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Evercore ISI set a $38.00 price objective on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets set a $28.00 price objective on Life Time Group and gave the company a "hold" rating in a report on Friday, March 14th. Finally, Craig Hallum raised Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Life Time Group has an average rating of "Moderate Buy" and an average target price of $35.92.
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Life Time Group Company Profile
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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.
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