Life Time Group (NYSE:LTH) CFO Erik Weaver Sells 5,787 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 5,787 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $39.77, for a total value of $230,148.99. Following the completion of the sale, the chief financial officer owned 83,131 shares in the company, valued at $3,306,119.87. This represents a 6.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, July 31st, Erik Weaver sold 47,748 shares of Life Time Group stock. The shares were sold at an average price of $44.80, for a total value of $2,139,110.40.

Life Time Group Trading Up 1.3%

NYSE:LTH traded up $0.51 on Wednesday, reaching $40.17. 3,241,679 shares of the company’s stock were exchanged, compared to its average volume of 2,956,718. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.46 and a beta of 1.49. The business has a fifty day moving average of $42.22 and a 200-day moving average of $37.26. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $47.24.

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

Institutional Investors Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nykredit A S purchased a new position in Life Time Group in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC raised its holdings in Life Time Group by 49.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after purchasing an additional 587 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Life Time Group during the 2nd quarter worth approximately $68,000. Versant Capital Management Inc lifted its position in shares of Life Time Group by 286.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after buying an additional 1,339 shares during the last quarter. Finally, Phillip James Consulting Co. purchased a new stake in shares of Life Time Group during the 1st quarter worth approximately $91,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Northland Securities set a $57.00 target price on Life Time Group in a report on Friday, July 31st. Wells Fargo & Company upped their price target on Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group set a $63.00 price target on Life Time Group in a research report on Wednesday, September 23rd. Morgan Stanley lifted their price objective on Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Finally, Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $55.31.

About Life Time Group

Life Time Group Holdings, Inc operates a network of athletic country clubs and wellness centers under the Life Time brand. Its facilities offer fitness equipment and training, group exercise classes, indoor and outdoor pools, sports courts, childcare, spas, salons, cafés and other services designed to support health, wellness and an active lifestyle.

The company also provides personal training, performance programs, nutrition services and organized athletic activities, including events and leagues for sports such as pickleball and tennis.