Key Points
- Life Time Group EVP Ritadhwaja Jebens Singh sold 67,751 shares on June 24 at an average price of $38.65, generating about $2.62 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Singh’s ownership fell by 32.87%.
- The company reported solid quarterly results, posting EPS of $0.42 versus expectations of $0.39 and revenue of $788.7 million, slightly above estimates. Revenue rose 11.7% year over year, and analysts expect full-year EPS of 1.48.
- Shares were trading near their 52-week high after rising 2.9% to $41.02, with the stock’s 12-month range spanning $24.14 to $41.79. Analyst sentiment remains constructive overall, with an average rating of “Moderate Buy” and an average target price of $43.09.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Jebens Singh sold 67,751 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total transaction of $2,618,576.15. Following the completion of the transaction, the executive vice president owned 138,351 shares in the company, valued at $5,347,266.15. This represents a 32.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ritadhwaja Jebens Singh also recently made the following trade(s):
- On Wednesday, May 6th, Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock. The shares were sold at an average price of $29.95, for a total transaction of $1,204,049.90.
Life Time Group Trading Up 2.9%
NYSE LTH opened at $41.02 on Friday. The firm's fifty day moving average price is $32.48 and its 200 day moving average price is $29.17. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $41.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55.
Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million during 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%. Life Time Group's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. On average, sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current fiscal year.
Institutional Trading of Life Time Group
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC increased its stake in shares of Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company's stock worth $291,000 after acquiring an additional 420 shares during the period. Harbour Investments Inc. lifted its position in Life Time Group by 8.8% in the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company's stock valued at $170,000 after purchasing an additional 516 shares during the period. EverSource Wealth Advisors LLC boosted 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 valued at $48,000 after purchasing an additional 587 shares in the last quarter. Strs Ohio boosted its holdings in Life Time Group by 10.0% in the 4th quarter. Strs Ohio now owns 6,600 shares of the company's stock valued at $175,000 after purchasing an additional 600 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Life Time Group by 13.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company's stock worth $163,000 after purchasing an additional 717 shares during the period. Hedge funds and other institutional investors own 79.40% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. The Goldman Sachs Group restated a "neutral" rating and set a $37.00 price target on shares of Life Time Group in a research note on Wednesday, May 6th. Zacks Research cut Life Time Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Wells Fargo & Company increased their price objective on Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, May 6th. Guggenheim lifted their price objective on shares of Life Time Group from $36.00 to $41.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Finally, UBS Group reaffirmed a "buy" rating and issued a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.09.
Read Our Latest Stock Analysis on LTH
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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