Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 6,810 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 6,810 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $30.00, for a total value of $204,300.00. Following the transaction, the executive vice president now owns 136,220 shares in the company, valued at $4,086,600. This trade represents a 4.76 % 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 the SEC website.

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

• On Tuesday, January 21st, Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock. The stock was sold at an average price of $28.00, for a total transaction of $1,360,688.00.
• 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 Price Performance

Shares of LTH stock traded up $0.44 during midday trading on Thursday, reaching $29.76. 1,551,881 shares of the company were exchanged, compared to its average volume of 1,961,883. The company’s 50 day moving average price is $24.35 and its two-hundred day moving average price is $23.85. The company has a market cap of $6.16 billion, a P/E ratio of 43.13, a PEG ratio of 0.71 and a beta of 1.89. Life Time Group Holdings, Inc. has a 12 month low of $11.89 and a 12 month high of $30.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Mizuho lifted their target price on Life Time Group from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Evercore ISI assumed coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective for the company. Guggenheim reiterated a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Morgan Stanley upped their price target on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.77.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors have recently added to or reduced their stakes in LTH. Amalgamated Bank increased its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the period. Farther Finance Advisors LLC grew its holdings in Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the period. Moody National Bank Trust Division raised its position in Life Time Group by 1.0% in the fourth quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares in the last quarter. Assetmark Inc. lifted its holdings in Life Time Group by 8.5% in the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after acquiring an additional 941 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $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.

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.