Insider Selling: Life Time Group (NYSE:LTH) CFO Sells 4,846 Shares of Stock

Key Points

• Erik Weaver, CFO of Life Time Group, sold 4,846 shares of stock on October 13th at an average price of $25.10, reducing his ownership by 5.60% and leaving him with 81,765 shares valued at approximately $2.05 million.
• Life Time Group's stock increased by 1.3% to $25.71 during midday trading, with a trading volume of 1,714,202 shares, below its average volume.
• The company reported a 14% increase in revenue year-over-year, totaling $761.47 million, and exceeding analysts' expectations with an EPS of $0.37 compared to the expected $0.33.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 4,846 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the sale, the chief financial officer owned 81,765 shares of the company's stock, valued at $2,052,301.50. This trade represents a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Life Time Group Stock Up 1.3%

Shares of NYSE LTH traded up $0.33 during midday trading on Tuesday, reaching $25.71. The company's stock had a trading volume of 1,714,202 shares, compared to its average volume of 2,456,288. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $27.75 and a 200-day simple moving average of $28.91. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 25.20 and a beta of 1.70.

Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Life Time Group had a return on equity of 9.05% and a net margin of 8.03%.The business had revenue of $761.47 million during the quarter, compared to the consensus estimate of $752.33 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Life Time Group's revenue for the quarter was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. Equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

LTH has been the subject of a number of research analyst reports. Wall Street Zen downgraded Life Time Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Life Time Group in a research note on Wednesday, October 8th. Finally, Guggenheim restated a "buy" rating and set a $36.00 price target on shares of Life Time Group in a research report on Tuesday, June 24th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group has an average rating of "Moderate Buy" and an average price target of $35.92.

Institutional Trading of Life Time Group

Several hedge funds have recently modified their holdings of LTH. Zions Bancorporation National Association UT lifted its stake in shares of Life Time Group by 1.6% during the 2nd quarter. Zions Bancorporation National Association UT now owns 43,570 shares of the company's stock worth $1,321,000 after buying an additional 699 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock valued at $46,000 after purchasing an additional 749 shares during the last quarter. Amalgamated Bank grew its holdings in Life Time Group by 42.3% during the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after acquiring an additional 862 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Life Time Group by 6.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 14,877 shares of the company's stock worth $451,000 after acquiring an additional 907 shares during the last quarter. Finally, Caxton Associates LLP lifted its position in shares of Life Time Group by 12.9% in the 2nd quarter. Caxton Associates LLP now owns 8,268 shares of the company's stock worth $251,000 after purchasing an additional 946 shares during the period. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.

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