Ritadhwaja Jebens Singh Sells 48,596 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 48,596 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, the executive vice president now directly owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. This represents a 25.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The shares were sold at an average price of $25.00, for a total value of $625,000.00.

Life Time Group Stock Performance

Shares of LTH opened at $28.68 on Friday. The company has a market cap of $5.93 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 0.71 and a beta of 1.89. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $23.95 and a 200-day moving average price of $23.54. Life Time Group Holdings, Inc. has a 12-month low of $11.89 and a 12-month high of $28.92.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LTH shares. Evercore ISI started coverage on Life Time Group in a research note on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Morgan Stanley increased their price target on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Northland Securities increased their price target on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Oppenheimer increased their price target on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Craig Hallum increased their price target on Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.77.

Institutional Trading of Life Time Group

A number of large investors have recently modified their holdings of LTH. American Century Companies Inc. boosted its position in shares of Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after acquiring an additional 83,654 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Life Time Group by 19.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after buying an additional 770,766 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Life Time Group during the 2nd quarter valued at about $905,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Life Time Group during the 2nd quarter valued at about $192,000. Institutional investors own 79.40% of the company’s stock.

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.