Life Time Group (NYSE:LTH) Trading Down 5% on Insider Selling

Life Time Group Holdings, Inc. (NYSE:LTH) fell 5% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $25.93 and last traded at $25.82. 647,961 shares were traded during trading, a decline of 72% from the average session volume of 2,352,029 shares. The stock had previously closed at $27.17.

Specifically, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president now owns 249,526 shares of the company’s stock, valued at approximately $6,946,803.84. This represents a 25.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LTH. Bank of America set a $40.00 target price 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 price objective on shares of Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. The Goldman Sachs Group raised their price objective on shares of Life Time Group from $22.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley upped their target price on shares of Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Finally, Mizuho boosted their price objective on Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.92.

Life Time Group Stock Down 5.6%

The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The stock has a 50-day moving average of $29.89 and a 200-day moving average of $28.46. 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 (NYSE:LTH) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dnca Finance increased its stake in shares of Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after purchasing an additional 407 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock worth $143,000 after buying an additional 712 shares during the period. Bank of New York Mellon Corp grew its holdings in Life Time Group by 0.4% in the 4th 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 in the last quarter. Amalgamated Bank grew its holdings in Life Time Group by 42.3% in the 1st quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock worth $88,000 after buying an additional 862 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Life Time Group by 1.2% in the 4th 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 during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

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.