Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver Sells 18,000 Shares

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 18,000 shares of Life Time Group stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $28.74, for a total value of $517,320.00. Following the sale, the chief financial officer now owns 86,611 shares in the company, valued at $2,489,200.14. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Life Time Group Stock Up 1.6%

Shares of NYSE:LTH traded up $0.43 during midday trading on Thursday, reaching $27.92. The company had a trading volume of 1,437,814 shares, compared to its average volume of 1,806,396. 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 stock's fifty day moving average price is $29.91 and its 200-day moving average price is $28.34. Life Time Group Holdings, Inc. has a one year low of $17.75 and a one year high of $34.99. The stock has a market capitalization of $6.13 billion, a P/E ratio of 40.46, a PEG ratio of 0.81 and a beta of 1.75.

Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS 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 business had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. The company's quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

LTH has been the topic of several recent research reports. Evercore ISI set a $38.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Bank of America set a $40.00 price objective on Life Time Group and gave the stock a "buy" rating in a research report on Monday, March 3rd. Craig Hallum upgraded Life Time Group to a "buy" rating and set a $45.00 price objective on the stock in a report on Friday, May 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Life Time Group from $22.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $35.92.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dnca Finance lifted its position in shares of Life Time Group by 11.9% during the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after acquiring an additional 407 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock worth $143,000 after purchasing an additional 712 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company's stock valued at $4,865,000 after purchasing an additional 788 shares during the last quarter. Amalgamated Bank boosted its position in shares of Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company's stock valued at $88,000 after purchasing an additional 862 shares during the period. Finally, Rhumbline Advisers increased its stake in Life Time Group by 1.2% in the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock worth $2,026,000 after purchasing an additional 1,075 shares in the last quarter. Institutional investors own 79.40% of the company's stock.

Life Time Group Company Profile

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.