Parham Javaheri Sells 84,744 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 84,744 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were 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 directly owns 249,526 shares in the company, valued at approximately $6,946,803.84. The trade was a 25.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life Time Group Stock Down 0.0%

NYSE LTH traded down $0.00 during trading on Monday, reaching $27.14. 2,531,395 shares of the company’s stock were exchanged, compared to its average volume of 1,831,263. The company has a 50 day moving average price of $29.90 and a two-hundred day moving average price of $28.44. The stock has a market cap of $5.95 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. Life Time Group Holdings, Inc. has a 1 year low of $17.81 and a 1 year high of $34.99. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Craig Hallum upgraded Life Time Group to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, May 23rd. Northland Securities set a $39.00 price objective on shares of Life Time Group and gave the company a “buy” rating in a report on Thursday, February 27th. Evercore ISI set a $38.00 target price on shares of Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Wells Fargo & Company set a $28.00 target price on shares of Life Time Group and gave the stock a “hold” rating in a research note on Thursday, February 27th. Finally, Royal Bank of Canada set a $35.00 price target on shares of Life Time Group and gave the company a “buy” rating in a research note on Thursday, February 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.92.

Institutional Trading of Life Time Group

Several hedge funds have recently made changes to their positions in LTH. Rhumbline Advisers increased its stake in shares of Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after acquiring an additional 1,075 shares during the period. Principal Securities Inc. purchased a new stake in Life Time Group in the 4th quarter valued at approximately $98,000. Nkcfo LLC purchased a new stake in Life Time Group in the 4th quarter valued at approximately $664,000. Truist Financial Corp acquired a new position in Life Time Group during the 4th quarter worth approximately $507,000. Finally, Braun Stacey Associates Inc. raised its stake in shares of Life Time Group by 2.0% during the 4th quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock worth $19,181,000 after buying an additional 17,340 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.