Life Time Group (NYSE:LTH) CFO Sells $44,640.70 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,493 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Life Time Group Stock Down 3.0%

Shares of Life Time Group stock opened at $28.76 on Friday. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 0.89 and a beta of 1.68. The stock has a 50-day simple moving average of $27.37 and a 200-day simple moving average of $27.23. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $34.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to analysts’ expectations of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. On average, equities research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its holdings in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after buying an additional 749 shares during the period. Finally, IFP Advisors Inc boosted its stake in Life Time Group by 10,150.0% in the 2nd quarter. IFP Advisors Inc now owns 1,640 shares of the company’s stock valued at $51,000 after buying an additional 1,624 shares in the last quarter. 79.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LTH has been the topic of a number of recent analyst reports. Guggenheim reiterated a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Morgan Stanley cut their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Zacks Research downgraded shares of Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Northland Securities set a $42.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Finally, UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. Nine analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.77.

About Life Time Group

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.