Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells $1,360,688.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the sale, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00.

Life Time Group Stock Performance

Shares of NYSE LTH opened at $28.68 on Friday. The stock has a market capitalization of $5.93 billion, a P/E ratio of 41.56, a P/E/G ratio of 0.71 and a beta of 1.89. The firm’s 50-day moving average price is $24.05 and its two-hundred day moving average price is $23.60. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $28.92. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $693.20 million for the quarter, compared to analyst estimates of $684.13 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after acquiring an additional 770,766 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Life Time Group by 1.3% during the third quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after buying an additional 46,710 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Life Time Group by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after buying an additional 356,255 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Life Time Group by 33.1% during the third quarter. Loomis Sayles & Co. L P now owns 3,050,253 shares of the company’s stock worth $74,487,000 after buying an additional 758,757 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Life Time Group by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,497,842 shares of the company’s stock worth $36,585,000 after buying an additional 152,504 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

LTH has been the topic of several recent analyst reports. Wells Fargo & Company boosted 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, January 17th. Morgan Stanley increased their target price on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Mizuho upped their price target on shares of Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI started coverage on shares of Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Finally, Craig Hallum upped their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.77.

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.