Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 48,596 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Ritadhwaja Jebens Singh also recently made the following trade(s):

• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $28.60 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.92 billion, a PE ratio of 41.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.89. The stock’s fifty day simple moving average is $23.85 and its two-hundred day simple moving average is $23.50. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $28.92.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share 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 firm had revenue of $693.20 million for the quarter, compared to the consensus estimate of $684.13 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on LTH shares. Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Guggenheim reiterated a “buy” rating and issued a $32.00 price target (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Oppenheimer boosted their price objective on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Northland Securities increased their target price on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Life Time Group has an average rating of “Moderate Buy” and an average price target of $30.95.

Institutional Investors Weigh In On Life Time Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Life Time Group by 402.6% in the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock valued at $1,966,000 after acquiring an additional 83,654 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after purchasing an additional 770,766 shares during the last quarter. Amalgamated Bank grew its stake in Life Time Group by 38.2% in the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the period. Blair William & Co. IL bought a new position in Life Time Group in the 2nd quarter valued at $905,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Life Time Group during the 2nd quarter valued at $192,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.