Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 5,666 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 5,666 shares of Life Time Group stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.00, for a total transaction of $249,304.00. Following the completion of the sale, the executive vice president owned 138,351 shares of the company’s stock, valued at $6,087,444. This trade represents a 3.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ritadhwaja Jebens Singh also recently made the following trade(s):

• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The stock was sold at an average price of $38.65, for a total transaction of $2,618,576.15.

Life Time Group Stock Down 1.9%

Shares of LTH opened at $42.42 on Wednesday. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24. The firm’s 50 day moving average is $43.29 and its 200-day moving average is $34.83. The stock has a market capitalization of $9.48 billion, a PE ratio of 23.05, a P/E/G ratio of 1.56 and a beta of 1.48. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The business had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently made changes to their positions in LTH. Thrivent Financial for Lutherans bought a new stake in shares of Life Time Group during the fourth quarter worth $41,721,000. Handelsbanken Fonder AB lifted its stake in shares of Life Time Group by 138.3% in the 2nd quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock valued at $2,589,000 after acquiring an additional 36,800 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Life Time Group by 455.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock valued at $2,050,000 after acquiring an additional 62,393 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Life Time Group by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 3,519,811 shares of the company’s stock valued at $93,572,000 after acquiring an additional 207,822 shares in the last quarter. Finally, Norges Bank bought a new stake in Life Time Group during the 4th quarter worth $49,228,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Mizuho increased their target price on Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Oppenheimer boosted their price target on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. The Goldman Sachs Group began coverage on shares of Life Time Group in a research report on Monday, August 3rd. They set a “buy” rating and a $53.00 price objective for the company. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on shares of Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $54.85.

About Life Time Group

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.