Ritadhwaja Jebens Singh Sells 25,000 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the completion of the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at $4,790,650. This represents a 11.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life Time Group Trading Up 3.9 %

NYSE LTH opened at $27.67 on Friday. The firm has a market cap of $5.73 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.89. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.74. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average price of $23.63 and a 200 day moving average price of $23.27.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Institutional Trading of Life Time Group

Large investors have recently bought and sold shares of the stock. Park Avenue Securities LLC acquired a new stake in shares of Life Time Group during the fourth quarter worth $542,000. Moody National Bank Trust Division raised its stake in Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock worth $87,160,000 after acquiring an additional 356,255 shares during the period. Principal Financial Group Inc. grew its stake in Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in shares of Life Time Group in the third quarter valued at about $31,575,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LTH shares. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 target price on the stock. Wells Fargo & Company raised their price objective on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday. Morgan Stanley upped their target price on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Northland Securities raised their price target on Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research note on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research note on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.75.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.