Erik Weaver Sells 1,741 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 1,741 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the sale, the chief financial officer now directly owns 96,361 shares of the company's stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Life Time Group Trading Down 1.0 %

Shares of Life Time Group stock traded down $0.30 during mid-day trading on Monday, hitting $31.18. 1,606,022 shares of the stock were exchanged, compared to its average volume of 1,878,801. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 45.18, a price-to-earnings-growth ratio of 0.76 and a beta of 1.94. 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 Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $31.90. The company has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $24.35.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LTH. Mizuho increased their price target on shares of Life Time Group from $32.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Guggenheim reiterated a "buy" rating and issued a $32.00 price objective (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Wells Fargo & Company lifted their target price on Life Time Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Friday, January 17th. Northland Securities increased their price target on Life Time Group from $29.00 to $31.50 and gave the stock an "outperform" rating in a report on Friday, January 17th. Finally, Morgan Stanley lifted their price target on shares of Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $31.77.

Institutional Investors Weigh In On Life Time Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Life Time Group during the 4th quarter valued at approximately $42,000. Farther Finance Advisors LLC raised its holdings in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company's stock valued at $43,000 after buying an additional 906 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Life Time Group during the 3rd quarter worth $60,000. Blue Trust Inc. increased its holdings in shares of Life Time Group by 345.5% during the third quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $72,000 after purchasing an additional 2,280 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Life Time Group during the fourth quarter valued at about $88,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.