Stock Traders Purchase High Volume of Put Options on Life Time Group (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 3,003 put options on the stock. This represents an increase of 215% compared to the average volume of 954 put options.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LTH. Guggenheim reissued a “buy” rating and set a $50.00 price objective on shares of Life Time Group in a research note on Wednesday. Bank of America reaffirmed a “buy” rating and set a $51.00 target price on shares of Life Time Group in a research report on Friday, July 31st. Oppenheimer increased their price target on Life Time Group from $43.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, June 25th. KeyCorp lifted their price target on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $53.77.

Insider Buying and Selling

In other news, EVP Parham Javaheri sold 63,203 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $45.09, for a total transaction of $2,849,823.27. Following the completion of the transaction, the executive vice president owned 183,371 shares in the company, valued at approximately $8,268,198.39. This trade represents a 25.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Erik Weaver sold 47,748 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $44.80, for a total transaction of $2,139,110.40. Following the transaction, the chief financial officer owned 88,918 shares of the company’s stock, valued at approximately $3,983,526.40. This trade represents a 34.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,346,029 shares of company stock worth $396,108,368 in the last ninety days. Insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new position in shares of Life Time Group during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC grew its stake in Life Time Group by 201.6% in the second 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. Kemnay Advisory Services Inc. acquired a new position in Life Time Group in the 4th quarter worth about $73,000. Versant Capital Management Inc increased its position in Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after purchasing 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 about $91,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Stock Up 1.9%

Shares of LTH traded up $0.84 during mid-day trading on Friday, reaching $45.15. The company’s stock had a trading volume of 3,571,431 shares, compared to its average volume of 3,153,863. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 1.63 and a beta of 1.50. The business has a fifty day moving average of $40.78 and a 200 day moving average of $33.06. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group has a 1 year low of $24.14 and a 1 year high of $47.24.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The business had revenue of $866.00 million for the quarter, compared to the consensus estimate of $845.75 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. Life Time Group’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, analysts forecast that Life Time Group will post 1.57 earnings per share for the current fiscal year.

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.