Parham Javaheri Sells 62,900 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 62,900 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $31.80, for a total transaction of $2,000,220.00. Following the completion of the transaction, the executive vice president directly owned 246,574 shares in the company, valued at $7,841,053.20. This represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Parham Javaheri also recently made the following trade(s):

• On Friday, March 13th, Parham Javaheri sold 11,060 shares of Life Time Group stock. The stock was sold at an average price of $26.46, for a total transaction of $292,647.60.

Life Time Group Stock Up 3.9%

Shares of NYSE:LTH opened at $33.60 on Wednesday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.34 and a beta of 1.50. The firm’s 50-day simple moving average is $27.48 and its 200-day simple moving average is $27.25. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results 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 firm had revenue of $788.70 million during 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%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on LTH shares. UBS Group reissued a “buy” rating and issued a $43.00 price target on shares of Life Time Group in a report on Thursday, March 12th. Guggenheim reiterated a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. KeyCorp began coverage on Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price for the company. Mizuho boosted their target price on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Life Time Group currently has an average rating of “Buy” and a consensus price target of $40.40.

Key Stories Impacting Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time Group recently reported better-than-expected quarterly results, with EPS of $0.42 beating estimates of $0.39 and revenue rising 11.7% year over year to $788.7 million, reinforcing the company’s growth and profitability story.
• Neutral Sentiment: The shares have been trading near their 52-week high, suggesting investors are pricing in strong momentum, though this also leaves less room for near-term upside if sentiment cools.
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 747,178 shares, a 23.5% reduction in its stake, which can be read as a sign of reduced conviction or portfolio rebalancing.
• Negative Sentiment: Director John G. Danhakl and EVP Parham Javaheri also disclosed large stock sales, adding to concerns that insiders may be taking profits after the recent run-up.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently modified their holdings of LTH. GAMMA Investing LLC raised its holdings in Life Time Group by 144.5% during 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 acquired a new stake in Life Time Group in the third quarter valued at $40,000. EverSource Wealth Advisors LLC grew its holdings in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Life Time Group in the third quarter valued at $69,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Life Time Group in the fourth quarter valued at $73,000. Institutional investors and hedge funds 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.