Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 67,751 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 67,751 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $38.65, for a total value of $2,618,576.15. Following the completion of the sale, the executive vice president owned 138,351 shares in the company, valued at $5,347,266.15. This trade represents a 32.87% decrease in their position. 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.

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

• On Wednesday, May 6th, Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock. The stock was sold at an average price of $29.95, for a total value of $1,204,049.90.

Life Time Group Price Performance

Shares of LTH traded up $1.16 during trading hours on Friday, reaching $41.02. 9,440,613 shares of the company’s stock traded hands, compared to its average volume of 2,954,558. The stock has a market cap of $9.13 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.60 and a beta of 1.55. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The firm’s 50 day simple moving average is $32.21 and its 200-day simple moving average is $29.08. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $41.79.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Northland Securities raised their price target on Life Time Group from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. KeyCorp assumed coverage on Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, Oppenheimer raised their price objective on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.09.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted 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 worth $32,000 after purchasing an additional 721 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC boosted its holdings in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Kemnay Advisory Services Inc. bought a new position in Life Time Group during the 4th quarter worth approximately $73,000. Finally, Nisa Investment Advisors LLC increased its stake in Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after purchasing an additional 1,225 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.