Erik Weaver Sells 1,493 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,493 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at approximately $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life Time Group Trading Down 2.6%

LTH stock traded down $0.78 during mid-day trading on Tuesday, reaching $29.54. The company’s stock had a trading volume of 2,588,093 shares, compared to its average volume of 2,412,623. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $34.99. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average price is $27.32 and its 200 day moving average price is $27.20. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.68.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The business had revenue of $782.65 million for the quarter, compared to analyst estimates of $770.93 million. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Institutional Trading of Life Time Group

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in Life Time Group by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,192,214 shares of the company’s stock worth $58,269,000 after purchasing an additional 96,796 shares during the last quarter. Benjamin Edwards Inc. raised its position in Life Time Group by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 38,721 shares of the company’s stock worth $1,029,000 after acquiring an additional 1,964 shares during the period. Strs Ohio grew its position in shares of Life Time Group by 10.0% during the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $175,000 after acquiring an additional 600 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Life Time Group by 16.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 87,322 shares of the company’s stock worth $2,321,000 after purchasing an additional 12,187 shares during the period. Finally, Keybank National Association OH increased its position in Life Time Group by 27.5% in the fourth quarter. Keybank National Association OH now owns 15,702 shares of the company’s stock worth $417,000 after buying an additional 3,382 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LTH has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, UBS Group set a $48.00 price target on shares of Life Time Group in a research report on Friday, October 17th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.77.

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.