Life Time Group Holdings, Inc. (NYSE:LTH) Sees Large Decline in Short Interest

Life Time Group Holdings, Inc. (NYSE:LTH) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 5,720,000 shares, a decline of 15.3% from the February 13th total of 6,750,000 shares. Based on an average daily volume of 2,050,000 shares, the short-interest ratio is presently 2.8 days. Currently, 5.9% of the shares of the stock are sold short.

Life Time Group Trading Up 5.6 %

LTH opened at $30.35 on Tuesday. Life Time Group has a one year low of $12.34 and a one year high of $33.64. The stock has a market capitalization of $6.36 billion, a PE ratio of 43.99, a P/E/G ratio of 0.81 and a beta of 1.93. The business’s 50 day moving average price is $29.31 and its 200 day moving average price is $25.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LTH shares. Mizuho boosted their price objective on Life Time Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Craig Hallum boosted their price objective on Life Time Group from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Evercore ISI began coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Finally, Morgan Stanley boosted their target price on Life Time Group from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.86.

Insider Activity at Life Time Group

In related news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction dated 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 owns 191,626 shares in the company, valued at $4,790,650. The trade was a 11.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik Weaver sold 1,741 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the sale, the chief financial officer now owns 96,361 shares of the company’s stock, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,082,147 shares of company stock worth $152,891,556 in the last 90 days. Corporate insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dnca Finance lifted its stake in Life Time Group by 11.9% during the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock worth $85,000 after purchasing an additional 407 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after purchasing an additional 712 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock worth $4,865,000 after purchasing an additional 788 shares in the last quarter. Moody National Bank Trust Division lifted its stake in Life Time Group by 1.0% during the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after purchasing an additional 911 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,075 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Life Time Group Company Profile

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.