Insider Selling: Life Time Group (NYSE:LTH) EVP Sells $2,618,576.15 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 67,751 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $38.65, for a total transaction of $2,618,576.15. Following the transaction, the executive vice president directly owned 138,351 shares of the company’s stock, valued at $5,347,266.15. This represents a 32.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 6th, Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock. The stock was sold at an average price of $29.95, for a total transaction of $1,204,049.90.

Life Time Group Stock Performance

Shares of LTH opened at $41.02 on Monday. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.69 and a beta of 1.55. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $41.79. The firm has a fifty day simple moving average of $32.48 and a 200 day simple moving average of $29.19. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period in the previous year, the business earned $0.39 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Research analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Institutional Trading of Life Time Group

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the last quarter. Wexford Capital LP acquired a new stake in Life Time Group during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its position in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the period. Kemnay Advisory Services Inc. bought a new position in Life Time Group during the fourth quarter worth $73,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Life Time Group by 74.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after purchasing an additional 1,225 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a report on Tuesday, May 5th. Northland Securities boosted their price target on Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday. Oppenheimer upped their price objective on Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and an average target price of $43.09.

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.