Life Time Group (NYSE:LTH) Trading Down 5.4% – Time to Sell?

Life Time Group Holdings, Inc. (NYSE:LTH)’s share price traded down 5.4% during trading on Tuesday . The company traded as low as $37.57 and last traded at $37.7380. Approximately 1,227,404 shares traded hands during trading, a decline of 58% from the average session volume of 2,932,738 shares. The stock had previously closed at $39.91.

Analyst Ratings Changes

LTH has been the topic of several analyst reports. KeyCorp raised their target price on shares of Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Guggenheim reiterated a “buy” rating and set a $50.00 price target on shares of Life Time Group in a report on Wednesday, August 12th. Oppenheimer increased their price objective on shares of Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. Bank of America reaffirmed a “buy” rating and set a $51.00 price objective on shares of Life Time Group in a research report on Friday, July 31st. Finally, Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $55.31.

Life Time Group Stock Up 3.8%

The firm’s 50-day moving average price is $43.16 and its two-hundred day moving average price is $35.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The firm has a market cap of $8.86 billion, a PE ratio of 21.54, a P/E/G ratio of 1.38 and a beta of 1.48.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The company had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Life Time Group’s revenue for the quarter was up 13.7% on a year-over-year basis. As a group, equities research analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Parham Javaheri sold 63,203 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.09, for a total transaction of $2,849,823.27. Following the completion of the sale, the executive vice president owned 183,371 shares in the company, valued at $8,268,198.39. This represents a 25.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bahram Akradi sold 438,257 shares of Life Time Group stock in a transaction on Friday, July 31st. The shares were sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the completion of the transaction, the chief executive officer owned 3,615,086 shares in the company, valued at approximately $162,787,322.58. This represents a 10.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 6,966,063 shares of company stock valued at $306,031,935. 13.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Life Time Group

Hedge funds have recently made changes to their positions in the business. Arizona State Retirement System grew its position in Life Time Group by 1.0% in the second quarter. Arizona State Retirement System now owns 39,782 shares of the company’s stock valued at $1,625,000 after acquiring an additional 412 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of Life Time Group by 8.8% during the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after purchasing an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after purchasing an additional 587 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Life Time Group by 8.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,292 shares of the company’s stock valued at $274,000 after purchasing an additional 834 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Life Time Group by 36.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,844 shares of the company’s stock valued at $157,000 after purchasing an additional 1,029 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.

Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.

Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.