Key Points
- EVP Eric Buss sold 74,487 shares of Life Time Group on Nov. 28 at an average price of $28.05 for a total of $2,089,360.35, trimming his stake by 16.36% to 380,683 shares (SEC Form 4 filing).
- The company beat Q3 estimates with $0.41 EPS vs. $0.34 expected and $782.65M in revenue, and analysts hold a consensus "Moderate Buy" rating with a $37 target (mixed individual ratings).
- Shares opened at $27.28 (down ~2.3%), with a market cap of $6.02 billion, P/E of 21.15, a 52-week range of $21.49–$34.99, and roughly 79.4% institutional ownership.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Eric Buss sold 74,487 shares of Life Time Group stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $28.05, for a total value of $2,089,360.35. Following the completion of the transaction, the executive vice president owned 380,683 shares in the company, valued at $10,678,158.15. This trade represents a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Life Time Group Stock Down 2.3%
NYSE:LTH opened at $27.28 on Tuesday. The company's 50-day simple moving average is $26.15 and its 200-day simple moving average is $27.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.67. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The stock has a market capitalization of $6.02 billion, a P/E ratio of 21.15, a P/E/G ratio of 0.89 and a beta of 1.67.
Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $782.65 million during the quarter, compared to analysts' expectations of $770.93 million. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. Life Time Group has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Life Time Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. acquired a new position in shares of Life Time Group in the 1st quarter valued at about $36,000. Wexford Capital LP acquired a new stake in Life Time Group during the third quarter worth about $40,000. EverSource Wealth Advisors LLC raised 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 valued at $45,000 after acquiring an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock valued at $46,000 after acquiring an additional 749 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Life Time Group by 10,150.0% in the second quarter. IFP Advisors Inc now owns 1,640 shares of the company's stock valued at $51,000 after acquiring an additional 1,624 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LTH has been the subject of a number of research analyst reports. UBS Group set a $48.00 price target on shares of Life Time Group in a report on Friday, October 17th. Morgan Stanley reduced their target price on Life Time Group from $39.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Life Time Group in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Life Time Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.
View Our Latest Stock Analysis on Life Time Group
About Life Time Group
(
Get Free Report)
Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.
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