Insider Selling: Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells $4,127,760.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 168,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, the executive vice president now directly owns 243,938 shares in the company, valued at $5,993,556.66. This trade represents a 40.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Life Time Group Stock Down 2.3 %

LTH opened at $24.06 on Friday. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The business has a 50 day moving average price of $24.40 and a two-hundred day moving average price of $21.71. 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 market cap of $4.98 billion, a PE ratio of 34.87, a P/E/G ratio of 1.59 and a beta of 1.89.

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 the consensus estimate of $0.20 by ($0.01). Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The company had revenue of $693.20 million for the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter last year, the company earned $0.09 EPS. Life Time Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Institutional Trading of Life Time Group

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Life Time Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after acquiring an additional 78,290 shares during the period. Price T Rowe Associates Inc. MD increased its position in Life Time Group by 17.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after purchasing an additional 1,866 shares during the period. Bayesian Capital Management LP raised its stake in shares of Life Time Group by 69.4% during the 1st quarter. Bayesian Capital Management LP now owns 18,544 shares of the company’s stock worth $288,000 after buying an additional 7,600 shares in the last quarter. Sona Asset Management US LLC acquired a new stake in shares of Life Time Group in the 1st quarter valued at approximately $5,044,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Life Time Group in the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LTH. The Goldman Sachs Group raised their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley boosted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Northland Securities lifted their target price on Life Time Group from $28.50 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada upped their target price on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, Bank of America lifted their price target on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.78.

About Life Time Group

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.