Key Points
- Executive VP Ritadhwaja Jebens Singh sold 12,088 shares on Jan. 23 at an average price of $29.75 for about $359,618, trimming their position by 9.82% to 110,967 shares — the sale was disclosed in an SEC Form 4.
- Life Time shares trade near $29.3 (12‑month range $24.14–$34.99) with a $6.47B market cap; the company recently beat quarterly estimates with $0.41 EPS vs $0.34 expected and $782.65M revenue.
- Analysts have a consensus rating of "Moderate Buy" with a $36.77 average price target, and institutional investors own about 79.4% of the stock, with firms like Goldman Sachs and RBC recently increasing stakes.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Jebens Singh sold 12,088 shares of the firm's stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares of the company's stock, valued at approximately $3,301,268.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Life Time Group Stock Performance
Shares of LTH stock opened at $29.32 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $34.99. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 0.87 and a beta of 1.68. The stock has a 50 day simple moving average of $26.96 and a 200-day simple moving average of $27.23.
Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The firm had revenue of $782.65 million during the quarter, compared to analysts' expectations of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.
Institutional Trading of Life Time Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Life Time Group by 140.4% during the 1st 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock valued at $2,140,000 after purchasing an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock worth $73,154,000 after buying an additional 1,428,446 shares during the period. Caxton Associates LLP acquired a new stake in Life Time Group in the 1st quarter worth about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 valued at $6,018,000 after buying an additional 64,348 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Zacks Research lowered shares of Life Time Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 26th. UBS Group set a $48.00 price objective on shares of Life Time Group in a research note on Friday, October 17th. Northland Securities set a $42.00 target price on shares of Life Time Group in a research report on Friday. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Life Time Group in a research report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Life Time Group has an average rating of "Moderate Buy" and a consensus price target of $36.77.
Read Our Latest Stock Analysis on Life Time Group
About Life Time Group
(
Get Free Report)
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.
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