Life Time Group (NYSE:LTH) CFO Sells 6,713 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 6,713 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $44.83, for a total transaction of $300,943.79. Following the sale, the chief financial officer directly owned 76,418 shares of the company’s stock, valued at approximately $3,425,818.94. The trade was a 8.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, October 12th, Erik Weaver sold 5,787 shares of Life Time Group stock. The shares were sold at an average price of $39.77, for a total transaction of $230,148.99.

Life Time Group Price Performance

Shares of LTH traded up $0.81 on Tuesday, hitting $44.63. The company’s stock had a trading volume of 3,773,532 shares, compared to its average volume of 3,000,209. The company has a market capitalization of $9.97 billion, a PE ratio of 24.25, a PEG ratio of 1.56 and a beta of 1.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.32. The company has a 50 day moving average price of $41.66 and a 200 day moving average price of $35.32.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%. The business had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. During the same period in the prior year, the company earned $0.41 EPS. Life Time Group’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LTH has been the topic of several research analyst reports. UBS Group set a $63.00 target price on Life Time Group in a report on Wednesday, September 23rd. Morgan Stanley lifted their price target on Life Time Group from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, October 27th. Royal Bank Of Canada lifted their price target on Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Life Time Group in a research report on Wednesday, September 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $56.00 price objective on shares of Life Time Group in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Life Time Group in the 3rd quarter valued at $36,000. Nykredit A S bought a new stake in shares of Life Time Group during the second quarter worth $47,000. EverSource Wealth Advisors LLC lifted its stake in shares of Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Life Time Group during the second quarter valued at $68,000. Finally, Versant Capital Management Inc boosted its holdings in Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

About Life Time Group

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.