Life Time Group (NYSE:LTH) CEO Sells $11,890,560.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CEO Bahram Akradi sold 264,000 shares of Life Time Group stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $45.04, for a total value of $11,890,560.00. Following the completion of the transaction, the chief executive officer directly owned 3,351,086 shares in the company, valued at approximately $150,932,913.44. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Life Time Group Stock Performance

Shares of LTH stock opened at $47.73 on Friday. The stock has a market capitalization of $10.72 billion, a PE ratio of 25.94, a PEG ratio of 1.49 and a beta of 1.46. The business’s 50 day simple moving average is $41.75 and its 200 day simple moving average is $35.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.73 and a quick ratio of 0.63. Life Time Group Holdings, Inc. has a one year low of $24.45 and a one year high of $48.61.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $893.52 million during the quarter, compared to analyst estimates of $874.98 million. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. As a group, research analysts forecast that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current year.

Institutional Trading of Life Time Group

Several hedge funds have recently modified their holdings of the stock. Maryland State Retirement & Pension System grew its position in shares of Life Time Group by 89.0% in the third quarter. Maryland State Retirement & Pension System now owns 42,362 shares of the company’s stock valued at $1,689,000 after purchasing an additional 19,945 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in Life Time Group during the 3rd quarter worth about $4,079,000. New York Life Investment Management LLC purchased a new stake in Life Time Group during the 3rd quarter worth about $947,000. Ethic Inc. lifted its holdings in Life Time Group by 32.2% during the 3rd quarter. Ethic Inc. now owns 17,709 shares of the company’s stock worth $706,000 after purchasing an additional 4,316 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Life Time Group by 5.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 24,773 shares of the company’s stock worth $988,000 after purchasing an additional 1,232 shares during the period. Institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $56.00 target price on shares of Life Time Group in a research note on Friday, October 30th. Royal Bank Of Canada upped their price target on shares of Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Northland Securities set a $57.00 price target on Life Time Group in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on Life Time Group in a research report on Friday, July 31st. Finally, UBS Group set a $63.00 price objective on Life Time Group in a research note on Wednesday, September 23rd. Fifteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.14.

Life Time Group Company Profile

Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.