Key Points
- Executive insider sale: EVP Ritadhwaja Jebens Singh sold 154,912 Life Time Group shares at an average of $42.00, generating approximately $6.51 million. The transaction reduced his direct holdings by 52.82% to 138,351 shares.
- Strong quarterly performance: Life Time Group reported quarterly revenue of $866 million, up 13.7% year over year, and earnings of $0.48 per share, exceeding analyst expectations of $0.37.
- Analysts remain bullish: The stock has an average “Buy” rating and a consensus price target of $54.85, compared with its reported opening price of $41.61.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Ritadhwaja Singh sold 18,729 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $42.04, for a total value of $787,367.16. Following the sale, the executive vice president directly owned 138,351 shares of the company's stock, valued at approximately $5,816,276.04. This trade represents a 11.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Ritadhwaja Jebens Singh also recently made the following trade(s):
- On Friday, September 11th, Ritadhwaja Singh sold 154,912 shares of Life Time Group stock. The stock was sold at an average price of $42.00, for a total value of $6,506,304.00.
- On Thursday, September 3rd, Ritadhwaja Singh sold 5,666 shares of Life Time Group stock. The stock was sold at an average price of $44.00, for a total value of $249,304.00.
- On Wednesday, June 24th, Ritadhwaja Singh sold 67,751 shares of Life Time Group stock. The shares were sold at an average price of $38.65, for a total value of $2,618,576.15.
Life Time Group Stock Performance
NYSE LTH opened at $41.61 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $47.24. The firm has a market capitalization of $9.30 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.50 and a beta of 1.48. The business's 50-day simple moving average is $43.36 and its 200-day simple moving average is $35.06.
Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm had revenue of $866.00 million during the quarter, compared to the consensus estimate of $845.75 million. During the same quarter in the prior year, the company earned $0.37 EPS. The company's revenue was up 13.7% on a year-over-year basis. Equities analysts predict that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.
Institutional Investors Weigh In On Life Time Group
Large investors have recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new stake in Life Time Group during the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 1,002 shares during the last quarter. Nykredit A S purchased a new position in Life Time Group in the 2nd quarter valued at about $47,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the fourth quarter valued at about $73,000. Finally, Versant Capital Management Inc grew its stake in shares of Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock valued at $74,000 after acquiring an additional 1,339 shares in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Life Time Group from $46.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a report on Friday, July 31st. KeyCorp increased their price target on Life Time Group from $40.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, July 31st. UBS Group raised their price objective on Life Time Group from $43.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group assumed coverage on Life Time Group in a research report on Monday, August 3rd. They issued a "buy" rating and a $53.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $54.85.
View Our Latest Analysis on Life Time Group
About Life Time Group
(
Get Free Report)
Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness facilities in the United States and Canada. The company provides an integrated range of fitness, health, and lifestyle services designed for individuals and families.
Its clubs typically offer fitness equipment and classes, personal training, indoor and outdoor pools, courts for sports such as tennis and pickleball, childcare, spa services, cafes, and spaces for social and work-related activities. Life Time also provides digital fitness content, nutrition and wellness programs, recreational activities, and athletic events through its clubs and online platforms.
Founded in 1992, the company was originally known as Life Time Fitness before becoming Life Time Group Holdings.
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