Ritadhwaja Jebens Singh Sells 40,202 Shares of Life Time Group (NYSE:LTH) Stock

Key Points

• Life Time Group EVP Ritadhwaja Jebens Singh sold 40,202 shares on May 6 at an average price of $29.95, totaling about $1.2 million. After the sale, Singh still held 138,351 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
• The company just reported solid quarterly results, beating EPS expectations with $0.42 per share versus $0.39 expected while revenue rose 11.7% year over year to $788.7 million. The results reinforced growth momentum, and analysts now expect full-year EPS of 1.47.
• Analysts remain broadly positive on LTH, with a consensus rating of “Buy” and an average price target of $40.40. Recent targets include $37 from Goldman Sachs, $38 from Wells Fargo, and $41 from Jefferies.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $29.95, for a total transaction of $1,204,049.90. Following the sale, the executive vice president owned 138,351 shares in the company, valued at $4,143,612.45. This represents a 22.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life Time Group Stock Down 1.1%

Shares of LTH traded down $0.34 during mid-day trading on Friday, reaching $31.85. 8,677,660 shares of the stock traded hands, compared to its average volume of 2,933,612. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.42 and a beta of 1.50. The stock has a fifty day simple moving average of $27.15 and a 200 day simple moving average of $27.11. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month 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 quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently bought and sold shares of LTH. GAMMA Investing LLC boosted its stake in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company's stock valued at $32,000 after purchasing an additional 721 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Life Time Group in the third quarter worth about $40,000. EverSource Wealth Advisors LLC grew its position in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock worth $45,000 after buying an additional 1,002 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in Life Time Group during the third quarter worth about $69,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the 4th quarter worth approximately $73,000. Institutional investors own 79.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LTH shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $37.00 target price on shares of Life Time Group in a research report on Wednesday. Wells Fargo & Company lifted their target price on Life Time Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday. Jefferies Financial Group reaffirmed a "buy" rating and set a $41.00 target price on shares of Life Time Group in a research report on Tuesday. Weiss Ratings restated a "hold (c+)" rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Guggenheim reissued a "buy" rating and issued a $36.00 price objective on shares of 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 assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $40.40.

Key Headlines Impacting Life Time Group

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

Life Time Group Company Profile

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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