Life Time Group (NYSE:LTH) CFO Sells $719,180.00 in Stock

Key Points

• Life Time Group CFO Erik Weaver sold 22,000 shares on May 7 at an average price of $32.69, totaling about $719,180. After the sale, he still held 114,166 shares.
• The company reported strong Q1 results, with EPS of $0.42 beating expectations of $0.39 and revenue rising 11.7% year over year to $788.7 million.
• Analyst sentiment remains constructive, with several firms maintaining buy ratings and a consensus target price of $40.40, even as some recent insider and shareholder selling has pressured sentiment.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 22,000 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $32.69, for a total value of $719,180.00. Following the transaction, the chief financial officer directly owned 114,166 shares of the company's stock, valued at approximately $3,732,086.54. The trade was a 16.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Erik Weaver also recently made the following trade(s):

• On Tuesday, March 3rd, Erik Weaver sold 1,329 shares of Life Time Group stock. The stock was sold at an average price of $25.73, for a total value of $34,195.17.

Life Time Group Price Performance

Shares of NYSE LTH traded down $0.34 during midday trading on Friday, reaching $31.85. 8,677,660 shares of the company were exchanged, compared to its average volume of 2,933,612. The stock's 50-day moving average price is $27.15 and its 200-day moving average price is $27.11. The stock has a market cap of $7.09 billion, a P/E ratio of 18.62, a PEG ratio of 1.42 and a beta of 1.50. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $33.95. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $788.70 million for the quarter, compared to analysts' expectations of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Trading of Life Time Group

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Life Time Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company's stock worth $372,608,000 after purchasing an additional 374,833 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Life Time Group in the third quarter valued at approximately $8,280,000. ABN Amro Investment Solutions bought a new stake in Life Time Group in the third quarter valued at approximately $2,535,000. TD Asset Management Inc boosted its holdings in Life Time Group by 158.1% in the third quarter. TD Asset Management Inc now owns 76,436 shares of the company's stock valued at $2,110,000 after acquiring an additional 46,822 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Life Time Group in the third quarter valued at approximately $3,472,000. Institutional investors own 79.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LTH. Weiss Ratings restated a "hold (c+)" rating on shares of Life Time Group in a report on Thursday, January 22nd. UBS Group restated a "buy" rating and set a $43.00 price target on shares of Life Time Group in a report on Thursday, March 12th. Jefferies Financial Group restated a "buy" rating and set a $41.00 price target on shares of Life Time Group in a report on Tuesday. Wells Fargo & Company boosted their price target on Life Time Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $40.40.

Life Time Group News Summary

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

About Life Time Group

Life Time Group NYSE: LTH is a premier operator of health, fitness and lifestyle centers across North America. The company's core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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