Key Points
- CFO Erik Weaver sold 1,329 shares on March 3 at an average price of $25.73 (≈$34,195), leaving him with 136,166 shares — a 0.97% reduction in his stake valued at about $3.5M.
- Life Time beat the quarter, reporting $0.34 EPS versus $0.33 expected and revenue of $745.1M, up 12.3% year-over-year.
- Analysts maintain a Moderate Buy consensus with an average target of $39.71 (individual targets up to $42), while the stock trades near $26 with a $5.8B market cap and a P/E of 15.75.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 1,329 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total value of $34,195.17. Following the transaction, the chief financial officer directly owned 136,166 shares of the company's stock, valued at approximately $3,503,551.18. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Erik Weaver also recently made the following trade(s):
- On Tuesday, February 3rd, Erik Weaver sold 1,493 shares of Life Time Group stock. The shares were sold at an average price of $29.90, for a total value of $44,640.70.
Life Time Group Stock Down 1.1%
LTH stock opened at $26.14 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.52 and a current ratio of 0.63. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.16 and a beta of 1.69. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.99. The stock has a fifty day moving average of $28.11 and a 200-day moving average of $27.25.
Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The company had revenue of $745.10 million for the quarter, compared to analysts' expectations of $740.09 million. During the same period in the prior year, the company posted $0.27 EPS. Life Time Group's revenue was up 12.3% compared to the same quarter last year. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts recently issued reports on LTH shares. Weiss Ratings reiterated 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 Life Time Group in a research report on Friday, January 23rd. Zacks Research raised shares of Life Time Group from a "strong sell" rating to a "hold" rating in a research note on Monday. Morgan Stanley boosted their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, February 23rd. Finally, Guggenheim reissued a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group currently has an average rating of "Moderate Buy" and an average target price of $39.71.
Get Our Latest Research Report on Life Time Group
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company's stock valued at $32,000 after buying an additional 721 shares in the last quarter. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC boosted its stake in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Life Time Group by 98.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock valued at $46,000 after purchasing an additional 749 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Life Time Group by 2,741.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company's stock worth $52,000 after purchasing an additional 1,645 shares during the period. Institutional investors own 79.40% of the company's stock.
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.
Further Reading
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