Insider Selling: Life Time Group (NYSE:LTH) EVP Sells $6,506,304.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 154,912 shares of Life Time Group stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.00, for a total transaction of $6,506,304.00. Following the completion of the transaction, the executive vice president owned 138,351 shares of the company’s stock, valued at $5,810,742. This represents a 52.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, September 9th, Ritadhwaja Singh sold 18,729 shares of Life Time Group stock. The stock was sold at an average price of $42.04, for a total value of $787,367.16.
• On Thursday, September 3rd, Ritadhwaja Singh sold 5,666 shares of Life Time Group stock. The stock was sold at an average price of $44.00, for a total value of $249,304.00.
• On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The shares were sold at an average price of $38.65, for a total value of $2,618,576.15.

Life Time Group Stock Performance

Shares of NYSE:LTH traded up $0.13 during midday trading on Friday, reaching $41.61. 2,358,773 shares of the company traded hands, compared to its average volume of 2,899,974. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.51 and a beta of 1.48. The firm’s fifty day moving average price is $43.34 and its two-hundred day moving average price is $35.01.

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

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently bought and sold shares of the stock. Wexford Capital LP purchased a new stake in shares of Life Time Group during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC grew its position 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 worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Nykredit A S purchased a new position in Life Time Group in the second quarter worth $47,000. Kemnay Advisory Services Inc. bought a new position in Life Time Group in the fourth quarter valued at $73,000. Finally, Versant Capital Management Inc increased its stake in Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on LTH. Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a report on Friday, July 31st. Wells Fargo & Company increased their price objective on Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, KeyCorp boosted their target price on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $54.85.

Life Time Group Company Profile

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.