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 stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Life Time Group Stock Down 2.3 %

LTH stock opened at $24.06 on Friday. The company has a 50 day moving average price of $24.40 and a two-hundred day moving average price of $21.71. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The stock has a market capitalization of $4.98 billion, a P/E ratio of 34.87, a PEG ratio of 1.59 and a beta of 1.89. Life Time Group Holdings, Inc. has a one year low of $11.89 and a one year high of $27.11.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

LTH has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price target on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective on the stock. Morgan Stanley raised their target price 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. Finally, Bank of America upped their price target on shares of Life Time Group from $29.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $27.78.

Institutional Inflows and Outflows

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

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.