Life Time Group (NYSE:LTH) EVP Eric Buss Sells 479,240 Shares

Life Time Group Holdings, Inc. (NYSE:LTHGet Free Report) EVP Eric Buss sold 479,240 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $44.97, for a total transaction of $21,551,422.80. Following the completion of the transaction, the executive vice president directly owned 474,008 shares in the company, valued at $21,316,139.76. This trade represents a 50.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Life Time Group Stock Performance

LTH opened at $44.86 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.66 and a beta of 1.50. The company has a fifty day moving average of $38.93 and a 200 day moving average of $32.18. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.24.

Life Time Group (NYSE:LTHGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. During the same quarter in the previous year, the company earned $0.37 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LTH has been the subject of a number of research reports. KeyCorp increased their price target on Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their price objective on Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America reiterated a “buy” rating and set a $51.00 target price on shares of Life Time Group in a research report on Friday. The Goldman Sachs Group initiated coverage on shares of Life Time Group in a report on Monday. They issued a “buy” rating and a $53.00 target price for the company. Finally, Mizuho boosted their price target on shares of Life Time Group from $63.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $53.77.

View Our Latest Analysis on Life Time Group

Life Time Group News Roundup

Here are the key news stories impacting Life Time Group this week:

  • Positive Sentiment: Management raised its earnings outlook following the second-quarter earnings call, citing rapid growth. The company’s latest quarter also exceeded expectations, with earnings of $0.48 per share versus the $0.37 consensus estimate and revenue growth of 13.7% year over year. Life Time Group Lifts Earnings Outlook Amid Rapid Growth
  • Positive Sentiment: Several analysts raised their price targets for LTH to $64, $52 and $51, indicating continued confidence in the premium health-club operator’s growth prospects and suggesting upside from recent trading levels. Life Time Group Price Target Raised to $64 Life Time Group Price Target Raised to $52 Life Time Group Price Target Raised to $51
  • Positive Sentiment: Life Time is being highlighted as a beneficiary of the broader wellness boom, as consumers continue to spend on premium fitness clubs and health-related services. Best Health and Fitness Stocks for Investors Amid Wellness Boom
  • Negative Sentiment: Multiple senior executives disclosed sizable insider sales completed July 31. CEO Bahram Akradi sold about $19.7 million of shares, EVP Eric Buss sold $21.6 million, EVP Parham Javaheri sold $2.8 million and CFO Erik Weaver sold $2.1 million. The transactions reduced their holdings by roughly 11% to 50% and could weigh on investor sentiment, although all retained shares. SEC insider trading filing

Institutional Investors Weigh In On Life Time Group

Several large investors have recently added to or reduced their stakes in the stock. Wexford Capital LP purchased a new position in shares of Life Time Group in the 3rd quarter worth approximately $40,000. EverSource Wealth Advisors LLC boosted its stake in Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after buying an additional 1,002 shares during the period. Kemnay Advisory Services Inc. purchased a new position in Life Time Group during the fourth quarter worth $73,000. Versant Capital Management Inc increased its position in Life Time Group by 286.7% during the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Life Time Group by 74.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after acquiring an additional 1,225 shares during the period. 79.40% of the stock is owned by institutional investors.

About Life Time Group

(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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Insider Buying and Selling by Quarter for Life Time Group (NYSE:LTH)

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