Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Singh sold 5,666 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $44.00, for a total value of $249,304.00. Following the completion of the transaction, the executive vice president directly owned 138,351 shares of the company's stock, valued at $6,087,444. This represents a 3.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ritadhwaja Jebens Singh also recently made the following trade(s):
- On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The stock was sold at an average price of $38.65, for a total transaction of $2,618,576.15.
Life Time Group Trading Down 1.9%
LTH opened at $42.42 on Wednesday. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.56 and a beta of 1.48. The company's 50 day moving average price is $43.29 and its two-hundred day moving average price is $34.83.
Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. The firm had revenue of $866.00 million during the quarter, compared to analysts' expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The company's revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. As a group, research analysts predict that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current year.
Hedge Funds Weigh In On Life Time Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in Life Time Group by 3,933.8% during the second quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company's stock valued at $278,210,000 after acquiring an additional 6,643,315 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Life Time Group by 129.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company's stock worth $160,868,000 after acquiring an additional 3,286,229 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Life Time Group by 102.1% in the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company's stock valued at $117,797,000 after purchasing an additional 2,156,033 shares during the period. Ameriprise Financial Inc. lifted its stake 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 valued at $216,644,000 after purchasing an additional 2,091,712 shares during the period. Finally, Norges Bank bought a new stake in shares of Life Time Group during the 4th quarter valued at about $49,228,000. Institutional investors and hedge funds own 79.40% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on LTH shares. Oppenheimer raised their target price on Life Time Group from $43.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a research report on Friday, July 31st. The Goldman Sachs Group began coverage on Life Time Group in a research report on Monday, August 3rd. They set a "buy" rating and a $53.00 price objective for the company. UBS Group raised their price objective on Life Time Group from $43.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, KeyCorp upped their target price on Life Time Group from $40.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $54.85.
Check Out Our Latest Research Report 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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