Erik Weaver Sells 18,000 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 18,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $28.74, for a total value of $517,320.00. Following the sale, the chief financial officer now directly owns 86,611 shares in the company, valued at $2,489,200.14. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life Time Group Stock Down 1.1%

Shares of LTH stock opened at $27.48 on Thursday. The stock’s 50-day simple moving average is $29.91 and its 200-day simple moving average is $28.34. 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 firm has a market capitalization of $6.03 billion, a PE ratio of 39.83, a P/E/G ratio of 0.81 and a beta of 1.75. Life Time Group Holdings, Inc. has a fifty-two week low of $17.75 and a fifty-two week high of $34.99.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.12. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

LTH has been the topic of several recent analyst reports. Bank of America set a $40.00 price objective on Life Time Group and gave the company a “buy” rating in a research report on Monday, March 3rd. Northland Securities set a $39.00 target price on Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley increased their target price on Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Wells Fargo & Company set a $28.00 target price on Life Time Group and gave the company a “hold” rating in a report on Thursday, February 27th. Finally, The Goldman Sachs Group increased their target price on Life Time Group from $22.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.92.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the company. Burns Matteson Capital Management LLC acquired a new stake in shares of Life Time Group during the fourth quarter worth about $331,000. Braun Stacey Associates Inc. raised its position in Life Time Group by 2.0% during the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock valued at $19,181,000 after acquiring an additional 17,340 shares in the last quarter. Rhumbline Advisers raised its position in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after acquiring an additional 1,075 shares in the last quarter. Nkcfo LLC purchased a new position in Life Time Group during the fourth quarter valued at approximately $664,000. Finally, Charles Schwab Investment Management Inc. raised its position in Life Time Group by 2.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds 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.