Life Time Group (NYSE:LTH) Shares Down 5% Following Insider Selling

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report)'s share price was down 5% on Tuesday following insider selling activity. The company traded as low as $25.93 and last traded at $25.82. Approximately 647,961 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 2,352,029 shares. The stock had previously closed at $27.17.

Specifically, 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 of the company's stock, valued at approximately $6,946,803.84. The trade was a 25.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LTH. Bank of America set a $40.00 price objective on shares of Life Time Group and gave the company a "buy" rating in a research report on Monday, March 3rd. 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 note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft set a $36.00 price target on Life Time Group and gave the stock a "buy" rating in a research note on Monday, March 3rd. Royal Bank of Canada set a $35.00 price objective on Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.92.

Life Time Group Stock Down 5.6%

The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The firm has a 50 day moving average price of $29.89 and a two-hundred day moving average price of $28.46.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $706.04 million for the quarter, compared to analysts' expectations of $684.06 million. During the same period in the previous year, the company posted $0.15 earnings per share. Life Time Group's revenue was up 18.3% compared to the same quarter last year. On average, equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Life Time Group

A number of institutional investors have recently added to or reduced their stakes in the business. Dnca Finance grew its stake in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company's stock valued at $85,000 after buying an additional 407 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Life Time Group by 12.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company's stock valued at $143,000 after acquiring an additional 712 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 period. Amalgamated Bank lifted its position in shares of Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company's stock worth $88,000 after purchasing an additional 862 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of 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 period. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.

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