Key Points
- CEO Bahram Akradi sold 264,000 shares for about $11.9 million, reducing his position by 7.3%; he directly owns 3.35 million shares afterward.
- Life Time Group beat quarterly expectations, reporting EPS of $0.51 versus $0.41 expected and revenue of $893.5 million, up 14.1% year over year.
- Analysts maintain a “Moderate Buy” consensus, with a $56.14 average price target; 15 analysts rate the stock Buy and one rates it Hold.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 6,713 shares of the business's stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $44.83, for a total value of $300,943.79. Following the transaction, the chief financial officer directly owned 76,418 shares of the company's stock, valued at $3,425,818.94. This represents a 8.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Erik Weaver also recently made the following trade(s):
- On Monday, October 12th, Erik Weaver sold 5,787 shares of Life Time Group stock. The shares were sold at an average price of $39.77, for a total value of $230,148.99.
Life Time Group Stock Performance
LTH opened at $44.63 on Wednesday. The firm has a market capitalization of $10.02 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The stock's 50 day moving average price is $41.64 and its two-hundred day moving average price is $35.41. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $47.32.
Life Time Group (NYSE:LTH - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The company had revenue of $893.52 million for the quarter, compared to the consensus estimate of $874.98 million. During the same period in the previous year, the business posted $0.41 EPS. The company's revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on LTH shares. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a research report on Friday, July 31st. Royal Bank Of Canada increased their price target on shares of Life Time Group from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, July 31st. KeyCorp increased their price target on shares of Life Time Group from $52.00 to $55.00 and gave the company an "overweight" rating in a report on Friday. Barclays started coverage on shares of Life Time Group in a research report on Monday, October 26th. They issued an "overweight" rating and a $51.00 price target on the stock. Finally, Weiss Ratings upgraded shares of Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Life Time Group presently has an average rating of "Moderate Buy" and a consensus price target of $56.14.
Check Out Our Latest Analysis on Life Time Group
Hedge Funds Weigh In On Life Time Group
Several large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Life Time Group during the 3rd quarter worth approximately $36,000. Nykredit A S bought a new stake in shares of Life Time Group during the second quarter valued at approximately $47,000. Anchor Investment Management LLC bought a new stake in shares of Life Time Group during the second quarter valued at approximately $68,000. EverSource Wealth Advisors LLC increased its position in shares of Life Time Group by 49.5% during the first 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 during the period. Finally, Versant Capital Management Inc raised its stake in shares of Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock valued at $74,000 after purchasing an additional 1,339 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.
Life Time Group Company Profile
(
Get Free Report)
Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company's facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.
Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.
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