Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) Director John Danhakl sold 1,683,651 shares of the stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $46.86, for a total value of $78,895,885.86. Following the completion of the sale, the director directly owned 491,915 shares of the company’s stock, valued at approximately $23,051,136.90. The trade was a 77.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Life Time Group Stock Up 2.3%
Shares of NYSE:LTH traded up $1.05 during midday trading on Friday, hitting $46.59. The stock had a trading volume of 2,345,367 shares, compared to its average volume of 3,019,062. The company has a market cap of $10.46 billion, a P/E ratio of 25.32, a PEG ratio of 1.50 and a beta of 1.46. Life Time Group Holdings, Inc. has a 12 month low of $24.45 and a 12 month high of $48.61. The business’s 50-day simple moving average is $42.13 and its 200-day simple moving average is $36.08. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42.
Life Time Group (NYSE:LTH – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The firm had revenue of $893.52 million during the quarter, compared to analysts’ expectations of $874.98 million. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Life Time Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP grew its position in Life Time Group by 455.2% in the first quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock valued at $2,050,000 after acquiring an additional 62,393 shares during the last quarter. Handelsbanken Fonder AB increased its position in Life Time Group by 138.3% during the 2nd quarter. Handelsbanken Fonder AB now owns 63,400 shares of the company’s stock worth $2,589,000 after purchasing an additional 36,800 shares in the last quarter. Maven Securities LTD bought a new position in Life Time Group in the 2nd quarter valued at approximately $1,034,000. Squarepoint Ops LLC bought a new position in Life Time Group in the 2nd quarter valued at approximately $2,183,000. Finally, Tidal Investments LLC acquired a new stake in Life Time Group in the second quarter valued at approximately $14,439,000. Institutional investors own 79.40% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on LTH. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Deutsche Bank set a $54.00 price objective on Life Time Group in a research note on Friday, July 31st. Morgan Stanley lifted their target price on Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 27th. Northland Securities set a $57.00 target price on Life Time Group in a research note on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating on shares of Life Time Group in a research note on Wednesday, September 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.
Read Our Latest Research Report on Life Time Group
About Life Time Group
Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.
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