Key Points
- Insider sale: Life Time Group director Jimena Almendares sold 40,589 shares at an average price of $33.59, totaling about $1.36 million. After the transaction, she still owned 36,983 shares, a 52.32% reduction in her position.
- Stock performance and valuation: LTH was down 1.8% and traded at $34.23, near its 52-week high of $35.33. The company has a market cap of $7.62 billion and a trailing P/E ratio of 20.02.
- Business and analyst backdrop: Life Time recently beat quarterly earnings expectations, posting $0.42 EPS on $788.7 million in revenue, with revenue up 11.7% year over year. Wall Street currently has a Moderate Buy consensus and an average price target of $40.30.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director Jimena Almendares sold 40,589 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $33.59, for a total transaction of $1,363,384.51. Following the transaction, the director directly owned 36,983 shares in the company, valued at $1,242,258.97. This trade represents a 52.32% 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 Trading Down 1.8%
NYSE LTH opened at $34.23 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.55. The company's 50-day simple moving average is $30.59 and its two-hundred day simple moving average is $28.46. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $35.33.
Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Equities analysts forecast that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.
Wall Street Analyst Weigh In
LTH has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Jefferies Financial Group reiterated a "buy" rating and issued a $41.00 price objective on shares of Life Time Group in a research note on Tuesday, May 5th. Mizuho increased their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the stock an "outperform" rating in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Life Time Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.30.
View Our Latest Report on Life Time Group
Institutional Investors Weigh In On Life Time Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in Life Time Group by 49.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock worth $48,000 after acquiring an additional 587 shares in the last quarter. California State Teachers Retirement System boosted its stake in Life Time Group by 24.9% during the 1st quarter. California State Teachers Retirement System now owns 168,879 shares of the company's stock worth $4,550,000 after purchasing an additional 33,661 shares during the last quarter. Royal Bank of Canada boosted its stake in Life Time Group by 3.9% during the 1st quarter. Royal Bank of Canada now owns 72,729 shares of the company's stock worth $1,959,000 after purchasing an additional 2,700 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Life Time Group by 38.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company's stock worth $47,031,000 after purchasing an additional 487,478 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Life Time Group by 455.2% during the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company's stock worth $2,050,000 after purchasing an additional 62,393 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.
Life Time Group Company Profile
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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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