Ritadhwaja Jebens Singh Sells 25,000 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. This represents a 11.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Life Time Group Trading Up 3.9 %

Shares of LTH opened at $27.67 on Friday. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $27.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The company’s fifty day moving average is $23.63 and its 200 day moving average is $23.27. The stock has a market capitalization of $5.73 billion, a PE ratio of 40.10, a P/E/G ratio of 1.02 and a beta of 1.89.

Life Time Group (NYSE:LTH) last announced its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of LTH. Amalgamated Bank lifted its holdings in shares of Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock worth $38,000 after acquiring an additional 563 shares during the last quarter. Farther Finance Advisors LLC raised its position in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after purchasing an additional 906 shares during the period. Point72 Hong Kong Ltd bought a new stake in Life Time Group in the third quarter worth about $60,000. Blue Trust Inc. boosted its position in shares of Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares during the period. Finally, FMR LLC grew its stake in shares of Life Time Group by 268.2% during the third quarter. FMR LLC now owns 5,011 shares of the company’s stock valued at $122,000 after buying an additional 3,650 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a report on Friday. Wells Fargo & Company increased their price target on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Northland Securities lifted their target price on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday. Finally, Morgan Stanley boosted their price target on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.75.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.