Erik Weaver Sells 1,329 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,329 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $25.73, for a total transaction of $34,195.17. Following the sale, the chief financial officer owned 136,166 shares in the company, valued at $3,503,551.18. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 3rd, Erik Weaver sold 1,493 shares of Life Time Group stock. The stock was sold at an average price of $29.90, for a total transaction of $44,640.70.

Life Time Group Trading Up 0.4%

Life Time Group stock opened at $26.26 on Thursday. 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 debt-to-equity ratio of 0.48, a current ratio of 0.63 and a quick ratio of 0.52. The stock has a market capitalization of $5.82 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The firm has a 50 day simple moving average of $28.11 and a 200-day simple moving average of $27.24.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $745.10 million for the quarter, compared to analysts’ expectations of $740.09 million. Life Time Group had a return on equity of 10.20% and a net margin of 12.51%.The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Institutional Trading of Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after buying an additional 721 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Life Time Group during the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its holdings in shares of Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Life Time Group by 98.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock valued at $46,000 after acquiring an additional 749 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Life Time Group by 2,741.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock worth $52,000 after purchasing an additional 1,645 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LTH. Northland Securities set a $42.00 target price on Life Time Group in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Morgan Stanley lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Finally, Zacks Research raised shares of Life Time Group from a “strong sell” rating to a “hold” rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

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.