Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 47,748 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 47,748 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $44.80, for a total value of $2,139,110.40. Following the completion of the transaction, the chief financial officer directly owned 88,918 shares in the company, valued at approximately $3,983,526.40. The trade was a 34.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Erik Weaver also recently made the following trade(s):

• On Thursday, May 7th, Erik Weaver sold 22,000 shares of Life Time Group stock. The shares were sold at an average price of $32.69, for a total transaction of $719,180.00.

Life Time Group Stock Up 1.6%

NYSE:LTH traded up $0.69 during trading hours on Tuesday, reaching $44.86. The company’s stock had a trading volume of 3,194,806 shares, compared to its average volume of 2,931,984. The company has a market cap of $10.02 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.50. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $47.24. The business’s 50-day moving average is $38.70 and its 200-day moving average is $32.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping 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 firm had revenue of $866.00 million for the quarter, compared to the consensus estimate of $845.75 million. During the same period in the prior year, the business posted $0.37 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts predict that Life Time Group Holdings, Inc. will post 1.53 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LTH. Weiss Ratings upgraded Life Time Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 21st. Oppenheimer increased their price target on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Northland Securities set a $57.00 price target on shares of Life Time Group in a research report on Friday. Royal Bank Of Canada boosted their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, The Goldman Sachs Group started coverage on shares of Life Time Group in a report on Monday. They set a “buy” rating and a $53.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $53.77.

Institutional Trading of Life Time Group

Several hedge funds have recently added to or reduced their stakes in LTH. Kestra Advisory Services LLC boosted its holdings in Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after buying an additional 420 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Life Time Group by 8.8% in the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after acquiring an additional 516 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Life Time Group by 49.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after acquiring an additional 587 shares during the period. Strs Ohio boosted its stake in Life Time Group by 10.0% during the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after acquiring an additional 600 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Life Time Group by 13.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after purchasing an additional 717 shares during the period. Institutional investors 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.