Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 5,666 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Singh sold 5,666 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $44.00, for a total transaction of $249,304.00. Following the completion of the transaction, the executive vice president directly owned 138,351 shares in the company, valued at approximately $6,087,444. This represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $38.65, for a total transaction of $2,618,576.15.

Life Time Group Price Performance

LTH stock traded down $0.81 during mid-day trading on Tuesday, reaching $42.42. The company’s stock had a trading volume of 2,666,041 shares, compared to its average volume of 2,910,728. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $43.26 and its two-hundred day moving average is $34.74. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24. The stock has a market cap of $9.48 billion, a PE ratio of 23.05, a P/E/G ratio of 1.56 and a beta of 1.48.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. The business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. Equities research analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LTH. Northland Securities set a $57.00 target price on Life Time Group in a research note on Friday, July 31st. Wells Fargo & Company upped their price objective on shares of Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 31st. UBS Group raised their price objective on shares of Life Time Group from $43.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Guggenheim reiterated a “buy” rating and issued a $50.00 target price on shares of Life Time Group in a report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $54.85.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after buying an additional 1,068,208 shares during the period. Ameriprise Financial Inc. boosted its stake in Life Time Group by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after buying an additional 2,091,712 shares during the period. California State Teachers Retirement System increased its position in shares of 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 increased its position in shares of Life Time Group by 1.6% during the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock valued at $257,631,000 after acquiring an additional 99,154 shares during the last quarter. Finally, Bank of America Corp DE raised 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 acquiring an additional 2,156,033 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

About Life Time Group

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.