Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver Sells 1,741 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the sale, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Life Time Group Price Performance

Shares of LTH traded up $0.34 during trading hours on Thursday, reaching $30.84. 2,030,060 shares of the stock traded hands, compared to its average volume of 1,893,152. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $31.24. The company’s 50-day moving average price is $24.89 and its two-hundred day moving average price is $24.18. The company has a market cap of $6.38 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.94.

Institutional Trading of Life Time Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Life Time Group in the 4th quarter valued at $307,000. Arizona State Retirement System increased its holdings in Life Time Group by 21.3% in the 4th quarter. Arizona State Retirement System now owns 20,828 shares of the company’s stock valued at $461,000 after acquiring an additional 3,651 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Life Time Group by 155.8% in the 4th quarter. Victory Capital Management Inc. now owns 66,784 shares of the company’s stock valued at $1,477,000 after acquiring an additional 40,671 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Life Time Group by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,371 shares of the company’s stock valued at $13,324,000 after acquiring an additional 15,530 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Life Time Group in the 4th quarter worth about $88,000. 79.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Life Time Group from $32.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Evercore ISI initiated coverage on shares of Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Morgan Stanley upped their target price on shares of Life Time Group from $21.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Guggenheim reiterated a “buy” rating and issued a $32.00 target price (up previously from $29.00) on shares of Life Time Group in a research note on Friday, January 17th. Finally, Craig Hallum upped their target price on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Life Time Group currently has an average rating of “Moderate Buy” and a consensus price target of $31.77.

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.