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 Life Time Group stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Life Time Group Stock Performance

LTH opened at $31.51 on Friday. The stock has a 50-day moving average of $25.03 and a 200-day moving average of $24.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $31.61. The company has a market cap of $6.52 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 0.72 and a beta of 1.94.

Analyst Ratings Changes

A number of research analysts recently commented on LTH shares. Evercore ISI initiated coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price objective on the stock. Morgan Stanley boosted 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 report on Wednesday, October 16th. Oppenheimer increased their price objective on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Craig Hallum boosted their target price on Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their target price on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Life Time Group has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Institutional Investors Weigh In On Life Time Group

A number of large investors have recently added to or reduced their stakes in LTH. Bank of New York Mellon Corp lifted its stake in shares of Life Time Group by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock worth $4,865,000 after buying an additional 788 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Life Time Group by 105.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after acquiring an additional 906 shares during the period. Moody National Bank Trust Division lifted its position in Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock worth $2,037,000 after acquiring an additional 911 shares during the last quarter. Assetmark Inc. boosted its holdings in Life Time Group by 8.5% during the third quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock valued at $294,000 after acquiring an additional 941 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Life Time Group by 1.2% in the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.