Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Parham Javaheri sold 84,744 shares of the company's stock in a transaction on 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 sale, the executive vice president now owns 249,526 shares in the company, valued at $6,946,803.84. This represents 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 Trading Up 3.6%
Shares of LTH stock traded up $0.96 during mid-day trading on Thursday, reaching $27.59. The company's stock had a trading volume of 4,263,794 shares, compared to its average volume of 1,862,132. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $6.05 billion, a PE ratio of 28.74 and a beta of 1.75. The company's 50 day simple moving average is $29.74 and its 200-day simple moving average is $28.44. Life Time Group Holdings, Inc. has a 12-month low of $18.01 and a 12-month high of $34.99.
Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 8.29% and a net margin of 7.60%. The company had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The firm's quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.
Hedge Funds Weigh In On Life Time Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dnca Finance lifted its holdings in Life Time Group by 11.9% in the 4th quarter. Dnca Finance now owns 3,830 shares of the company's stock worth $85,000 after buying an additional 407 shares in the last quarter. Summit Investment Advisors Inc. increased 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 acquiring an additional 712 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 worth $4,865,000 after acquiring an additional 788 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Life Time Group by 42.3% in the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after acquiring an additional 862 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company's stock valued at $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on LTH shares. Morgan Stanley lifted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Mizuho lifted their price target on Life Time Group from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Wednesday, March 5th. Royal Bank Of Canada set a $35.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research note on Thursday, February 27th. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a "hold" rating in a research report on Thursday, February 27th. Finally, Evercore ISI set a $38.00 target price on shares of Life Time Group and gave the company a "buy" rating in a report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Life Time Group has an average rating of "Moderate Buy" and an average target price of $35.92.
Check Out Our Latest Stock Analysis on LTH
Life Time Group Company Profile
(
Get Free Report)
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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