Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Parham Javaheri sold 84,744 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president now owns 249,526 shares in the company, valued at $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Life Time Group Stock Down 0.0%
Shares of LTH stock traded down $0.00 on Monday, hitting $27.14. The stock had a trading volume of 2,531,395 shares, compared to its average volume of 1,831,263. Life Time Group Holdings, Inc. has a one year low of $17.81 and a one year high of $34.99. The business has a 50 day moving average price of $29.90 and a 200 day moving average price of $28.44. The company has a market cap of $5.95 billion, a PE ratio of 39.33, a P/E/G ratio of 0.81 and a beta of 1.75. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, beating 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 previous year, the business posted $0.15 EPS. The company's quarterly revenue was up 18.3% compared to the same quarter last year. Research analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Life Time Group
A number of large investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its position in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after acquiring an additional 1,075 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Life Time Group during the 4th quarter worth $98,000. Nkcfo LLC purchased a new stake in shares of Life Time Group during the 4th quarter worth $664,000. Truist Financial Corp bought a new stake in Life Time Group during the fourth quarter valued at about $507,000. Finally, Braun Stacey Associates Inc. grew its stake in Life Time Group by 2.0% in the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company's stock valued at $19,181,000 after purchasing an additional 17,340 shares during the last quarter. Institutional investors own 79.40% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on LTH shares. Royal Bank of Canada set a $35.00 price objective on shares of Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Bank of America set a $40.00 target price on Life Time Group and gave the company a "buy" rating in a research note on Monday, March 3rd. BMO Capital Markets set a $28.00 price target on Life Time Group and gave the stock a "hold" rating in a research note on Friday, March 14th. Morgan Stanley boosted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the stock a "hold" rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.92.
Read Our Latest Report on LTH
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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