Jimena Almendares Sells 40,589 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director Jimena Almendares sold 40,589 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $33.59, for a total value of $1,363,384.51. Following the transaction, the director directly owned 36,983 shares of the company’s stock, valued at approximately $1,242,258.97. This trade represents a 52.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Life Time Group Trading Down 1.8%

NYSE:LTH opened at $34.23 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $35.33. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $30.59 and a two-hundred day moving average price of $28.46. The company has a market cap of $7.62 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, analysts expect that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of large investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC raised its stake in Life Time Group by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after acquiring an additional 420 shares during the period. Harbour Investments Inc. raised its stake in Life Time Group by 8.8% in the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after acquiring an additional 516 shares during the period. EverSource Wealth Advisors LLC raised its stake in Life Time Group by 49.5% in the 1st 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. Strs Ohio raised its stake in Life Time Group by 10.0% in the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $175,000 after acquiring an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after acquiring an additional 717 shares during the period. Institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LTH. Wells Fargo & Company increased their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. KeyCorp began coverage on Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

Life Time Group Company Profile

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.