Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 22,000 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $32.69, for a total value of $719,180.00. Following the sale, the chief financial officer directly owned 114,166 shares in the company, valued at $3,732,086.54. This trade represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Erik Weaver also recently made the following trade(s):

• On Tuesday, March 3rd, Erik Weaver sold 1,329 shares of Life Time Group stock. The stock was sold at an average price of $25.73, for a total value of $34,195.17.

Life Time Group Stock Down 1.1%

Shares of LTH opened at $31.85 on Friday. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.33 and a beta of 1.50. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $33.95. The business’s 50 day simple moving average is $27.15 and its 200-day simple moving average is $27.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.52.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. As a group, equities analysts expect that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on LTH shares. Northland Securities set a $42.00 price target on Life Time Group in a report on Friday, January 23rd. Mizuho increased their price target on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. Guggenheim restated a “buy” rating and set a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Life Time Group has an average rating of “Buy” and a consensus target price of $40.40.

Key Headlines 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

Hedge Funds Weigh In On Life Time Group

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after acquiring an additional 143,487 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after acquiring an additional 1,068,208 shares during the last quarter. Ameriprise Financial Inc. grew its position in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after acquiring an additional 2,091,712 shares during the last quarter. Wellington Management Group LLP grew its position in Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after acquiring an additional 34,964 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Life Time Group by 102.1% in the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after acquiring an additional 2,156,033 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.