Insider Selling: Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells 168,000 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 168,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $24.57, for a total value of $4,127,760.00. Following the sale, the executive vice president now directly owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. This trade represents a 40.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Life Time Group Stock Performance

NYSE:LTH opened at $24.62 on Wednesday. Life Time Group Holdings, Inc. has a 52 week low of $11.89 and a 52 week high of $27.11. The company has a fifty day simple moving average of $24.43 and a two-hundred day simple moving average of $21.67. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.89.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Life Time Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank raised its holdings in Life Time Group by 38.2% in the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after acquiring an additional 563 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Life Time Group in the 3rd quarter valued at $60,000. Dnca Finance acquired a new position in shares of Life Time Group during the second quarter worth $72,000. Finally, Blue Trust Inc. increased its holdings in Life Time Group by 345.5% in the third quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after buying an additional 2,280 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley raised their price objective on Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lifted their price target on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Bank of America upped their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Northland Securities lifted their target price on shares of Life Time Group from $28.50 to $29.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.78.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.