Life Time Group (NYSE:LTH) Stock: Insider Erik Weaver Sells 5,787 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 5,787 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $39.77, for a total value of $230,148.99. Following the sale, the chief financial officer owned 83,131 shares of the company’s stock, valued at $3,306,119.87. This represents a 6.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, July 31st, Erik Weaver sold 47,748 shares of Life Time Group stock. The stock was sold at an average price of $44.80, for a total value of $2,139,110.40.

Life Time Group Stock Performance

NYSE LTH opened at $40.54 on Friday. The firm has a market capitalization of $9.06 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.45 and a beta of 1.49. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The business’s 50-day simple moving average is $42.06 and its 200-day simple moving average is $37.46.

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

Analyst Ratings Changes

Several research firms have recently issued reports on LTH. Guggenheim reissued a “buy” rating and issued a $50.00 price objective on shares of Life Time Group in a research report on Wednesday, August 12th. Weiss Ratings raised shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their target price on shares of Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company upped their price target on shares of Life Time Group from $46.00 to $51.00 and gave the stock 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 assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $55.31.

Institutional Trading of Life Time Group

Large investors have recently bought and sold shares of the company. Arizona State Retirement System lifted its position in shares of Life Time Group by 1.0% during the second quarter. Arizona State Retirement System now owns 39,782 shares of the company’s stock worth $1,625,000 after purchasing an additional 412 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after purchasing an additional 587 shares during the period. GAMMA Investing LLC boosted its stake in shares of Life Time Group by 24.8% in the third quarter. GAMMA Investing LLC now owns 4,799 shares of the company’s stock valued at $191,000 after purchasing an additional 955 shares during the period. Nykredit A S purchased a new position in shares of Life Time Group in the second quarter valued at $47,000. Finally, Versant Capital Management Inc grew its holdings in Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness centers under the Life Time brand. Its facilities offer fitness equipment and training, group exercise classes, indoor and outdoor pools, sports courts, childcare, spas, salons, cafés and other services designed to support health, wellness and an active lifestyle.

The company also provides personal training, performance programs, nutrition services and organized athletic activities, including events and leagues for sports such as pickleball and tennis.