Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report)'s stock price dropped 5% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $25.93 and last traded at $25.82. Approximately 647,961 shares traded hands during 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 Life Time Group stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the transaction, the executive vice president now directly owns 249,526 shares of the company's stock, valued at $6,946,803.84. The trade was a 25.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a report on Friday, May 23rd. 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. Northland Securities set a $39.00 target price on shares of Life Time Group and gave the stock a "buy" rating in a report on Thursday, February 27th. Evercore ISI set a $38.00 target price on Life Time Group and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company set a $28.00 price target on Life Time Group and gave the company a "hold" rating in a report on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $35.92.
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Life Time Group Stock Performance
The company has a market capitalization of $6.21 billion, a P/E ratio of 29.48 and a beta of 1.75. The company's 50 day moving average is $29.69 and its 200-day moving average is $28.47. The company has a current ratio of 0.43, a quick ratio of 0.31 and a debt-to-equity ratio of 0.55.
Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The firm had revenue of $706.04 million during the quarter, compared to analyst estimates of $684.06 million. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business's revenue was up 18.3% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.
Institutional Investors Weigh In On Life Time Group
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Life Time Group by 32.2% in the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company's stock worth $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Life Time Group by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,190,447 shares of the company's stock valued at $114,809,000 after purchasing an additional 147,295 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Life Time Group by 1,729.3% during the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company's stock valued at $154,547,000 after purchasing an additional 4,789,288 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Life Time Group by 12.3% in the fourth quarter. Loomis Sayles & Co. L P now owns 3,425,925 shares of the company's stock worth $75,781,000 after buying an additional 375,672 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of Life Time Group by 7.1% in the first quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company's stock worth $95,637,000 after buying an additional 211,117 shares in the last quarter. 79.40% of the stock is owned by institutional investors.
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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