Life Time Group (NYSE:LTH) EVP Ritadhwaja Jebens Singh Sells 67,751 Shares

Life Time Group Holdings, Inc. (NYSE:LTHGet Free Report) EVP Ritadhwaja Jebens Singh sold 67,751 shares of Life Time Group stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $38.65, for a total value of $2,618,576.15. Following the completion of the sale, the executive vice president directly owned 138,351 shares of the company’s stock, valued at $5,347,266.15. The trade was a 32.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, May 6th, Ritadhwaja Jebens Singh sold 40,202 shares of Life Time Group stock. The stock was sold at an average price of $29.95, for a total value of $1,204,049.90.

Life Time Group Stock Performance

Shares of Life Time Group stock opened at $41.02 on Friday. The business has a 50-day moving average of $32.48 and a 200 day moving average of $29.17. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $41.79. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.55. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

Life Time Group (NYSE:LTHGet Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.Life Time Group’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 1.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTH. Royal Bank of Canada raised its holdings in shares of Life Time Group by 140.4% in the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after purchasing an additional 31,762 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after buying an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares in the last quarter. Caxton Associates LLP acquired a new stake in Life Time Group in the first quarter valued at $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Life Time Group by 47.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after acquiring an additional 64,348 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of Life Time Group from $43.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday. Northland Securities boosted their price target on shares of Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday. Guggenheim upped their price objective on Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Mizuho increased their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company lifted their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.09.

Get Our Latest Stock Report on Life Time Group

Life Time Group Company Profile

(Get Free Report)

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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