Key Points
- EVP Ritadhwaja Jebens Singh sold 5,880 shares on Feb. 3 at an average price of $30.31 for a total of $178,222.80, reducing their stake by 5.44% to 102,144 shares; they also sold 12,088 shares on Jan. 23 for about $359,618.
- Shares opened at $29.54 (down ~2.6%) and Life Time Group trades with a market cap of roughly $6.51 billion, a P/E of 22.9 and a 52-week range of $24.14–$34.99, with 50- and 200-day moving averages near $27.3.
- Institutional investors own about 79.40% of the stock after large increases from firms like Wellington and Bank of America, and analysts give a mixed view — a consensus "Moderate Buy" with a $36.77 price target despite some downgrades like Zacks' "strong sell."
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 1,493 shares of the business's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $29.90, for a total transaction of $44,640.70. Following the completion of the transaction, the chief financial officer owned 77,771 shares in the company, valued at $2,325,352.90. The trade was a 1.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Life Time Group Stock Down 2.6%
NYSE LTH opened at $29.54 on Wednesday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99. The stock has a market capitalization of $6.51 billion, a PE ratio of 22.90, a PEG ratio of 0.91 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. The business's 50-day moving average is $27.32 and its 200 day moving average is $27.20.
Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly 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 business had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Life Time Group had a return on equity of 9.75% and a net margin of 9.91%. Sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.
Institutional Investors Weigh In On Life Time Group
Several hedge funds have recently bought and sold shares of LTH. Vanguard Group Inc. grew its holdings in Life Time Group by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company's stock worth $362,651,000 after purchasing an additional 143,487 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company's stock worth $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Life Time Group by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,959,990 shares of the company's stock worth $164,504,000 after buying an additional 537,121 shares during the last quarter. Wellington Management Group LLP increased its position in Life Time Group by 129.3% during the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company's stock valued at $160,868,000 after buying an additional 3,286,229 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company's stock valued at $117,797,000 after buying an additional 2,156,033 shares during the last quarter. Institutional investors own 79.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on LTH. UBS Group set a $48.00 price target on Life Time Group in a research note on Friday, October 17th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Life Time Group in a research note on Thursday, January 22nd. Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Morgan Stanley lowered their price objective on shares of Life Time Group from $39.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, November 12th. Finally, Guggenheim reiterated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. Nine investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Life Time Group presently has an average rating of "Moderate Buy" and an average price target of $36.77.
Get Our Latest Analysis on Life Time Group
Life Time Group Company Profile
(
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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