Life Time Group (NYSE:LTH) EVP Sells $1,204,049.90 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $29.95, for a total transaction of $1,204,049.90. Following the sale, the executive vice president owned 138,351 shares in the company, valued at approximately $4,143,612.45. This trade represents a 22.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life Time Group Price Performance

Shares of LTH stock traded down $0.34 during trading hours on Friday, reaching $31.85. 8,677,660 shares of the company were exchanged, compared to its average volume of 2,933,612. The stock’s fifty day moving average is $27.15 and its two-hundred day moving average is $27.11. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $33.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.52. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.42 and a beta of 1.50.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently modified their holdings of LTH. PNC Financial Services Group Inc. raised its holdings in shares of Life Time Group by 244.9% during the first quarter. PNC Financial Services Group Inc. now owns 35,492 shares of the company’s stock worth $956,000 after acquiring an additional 25,200 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after acquiring an additional 1,068,208 shares during the period. Swiss National Bank raised its holdings in shares of Life Time Group by 0.6% during the first quarter. Swiss National Bank now owns 283,700 shares of the company’s stock worth $7,643,000 after acquiring an additional 1,800 shares during the period. Bank of New York Mellon Corp raised its position in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after buying an additional 380,610 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in Life Time Group in the 1st quarter valued at approximately $596,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

LTH has been the topic of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday. KeyCorp started coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price on the stock. Morgan Stanley increased their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 target price on shares of Life Time Group in a report on Tuesday. Finally, Northland Securities set a $42.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $40.40.

Key Stories Impacting Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

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.