Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 1,329 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,329 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $25.73, for a total transaction of $34,195.17. Following the completion of the transaction, the chief financial officer directly owned 136,166 shares of the company’s stock, valued at approximately $3,503,551.18. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Erik Weaver also recently made the following trade(s):

• On Tuesday, February 3rd, Erik Weaver sold 1,493 shares of Life Time Group stock. The shares were sold at an average price of $29.90, for a total value of $44,640.70.

Life Time Group Stock Performance

Life Time Group stock traded down $0.30 during midday trading on Tuesday, reaching $26.14. 2,634,558 shares of the stock traded hands, compared to its average volume of 2,488,321. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.48. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.99. The firm has a fifty day moving average price of $28.11 and a two-hundred day moving average price of $27.25. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.16 and a beta of 1.69.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Life Time Group had a net margin of 12.51% and a return on equity of 10.20%. The company had revenue of $745.10 million during the quarter, compared to analyst estimates of $740.09 million. During the same period in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LTH. Morgan Stanley lifted their price target on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Guggenheim reaffirmed a “buy” rating and set a $36.00 price target on shares of Life Time Group in a report on Friday, January 23rd. Northland Securities set a $42.00 price target on Life Time Group in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded Life Time Group from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.71.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors have recently made changes to their positions in LTH. GAMMA Investing LLC increased its position in shares of Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP bought a new position in Life Time Group during the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC increased its stake in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Life Time Group by 98.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company’s stock worth $46,000 after purchasing an additional 749 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company’s stock valued at $52,000 after purchasing an additional 1,645 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Company Profile

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.