Life Time Group (NYSE:LTH) EVP Sells $1,204,049.90 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 40,202 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $29.95, for a total value of $1,204,049.90. Following the completion of the sale, the executive vice president owned 138,351 shares in the company, valued at $4,143,612.45. This trade represents a 22.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Life Time Group Price Performance

Shares of NYSE LTH opened at $31.85 on Monday. The stock’s 50-day simple moving average is $27.15 and its two-hundred day simple moving average is $27.11. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $33.95. The firm has a market capitalization of $7.09 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.32 and a beta of 1.50. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.Life Time Group’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Life Time Group News Summary

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Institutional Investors Weigh In On Life Time Group

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Life Time Group by 25.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after acquiring an additional 14,267 shares during the period. Goldman Sachs Group Inc. grew its position in Life Time Group by 143.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after acquiring an additional 1,428,446 shares during the last quarter. Caxton Associates LLP purchased a new position in Life Time Group in the 1st quarter worth approximately $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after purchasing an additional 64,348 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LTH. KeyCorp began coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective on the stock. Northland Securities set a $42.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Wells Fargo & Company lifted their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Mizuho upped their price objective on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $40.40.

Life Time Group Company Profile

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.