Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells $3,866,313.60 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Jebens Singh sold 134,247 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.80, for a total transaction 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. The trade was a 50.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life Time Group Stock Down 1.1%

NYSE LTH traded down $0.30 during trading on Wednesday, reaching $27.48. 3,173,600 shares of the company's stock traded hands, compared to its average volume of 1,807,720. Life Time Group Holdings, Inc. has a 12-month low of $17.75 and a 12-month high of $34.99. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company's 50 day simple moving average is $29.92 and its two-hundred day simple moving average is $28.35.

Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million for the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group's revenue was up 18.3% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Life Time Group by 32.2% in the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after buying an additional 2,282,007 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Life Time Group by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after acquiring an additional 147,295 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Life Time Group by 1,729.3% in the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock worth $154,547,000 after purchasing an additional 4,789,288 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Life Time Group by 12.3% during the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after purchasing an additional 375,672 shares in the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Life Time Group by 7.1% during the 1st quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock valued at $95,637,000 after purchasing an additional 211,117 shares during the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LTH shares. Northland Securities set a $39.00 price objective on Life Time Group and gave the company a "buy" rating in a research report on Thursday, February 27th. Evercore ISI set a $38.00 price target on Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Bank of America set a $40.00 target price on shares of Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, BMO Capital Markets set a $28.00 price target on shares of Life Time Group and gave the stock a "hold" rating in a research note on Friday, March 14th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Life Time Group currently has an average rating of "Moderate Buy" and an average target price of $35.92.

About Life Time Group

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.