Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver Sells 4,662 Shares

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 4,662 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now owns 75,866 shares in the company, valued at approximately $1,963,412.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Life Time Group Stock Performance

LTH traded down $0.37 during trading on Thursday, reaching $25.23. The company's stock had a trading volume of 841,088 shares, compared to its average volume of 1,098,891. Life Time Group Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $27.11. The company's fifty day moving average price is $24.20 and its 200-day moving average price is $19.66. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 71.11, a price-to-earnings-growth ratio of 3.20 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.32 and a current ratio of 0.44.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $667.80 million for the quarter, compared to analyst estimates of $634.92 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The company's quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP raised its position in shares of Life Time Group by 1,443.3% during the 1st quarter. Quantbot Technologies LP now owns 73,986 shares of the company's stock worth $1,148,000 after purchasing an additional 69,192 shares during the last quarter. American Century Companies Inc. raised its position in shares of Life Time Group by 402.6% during the 2nd quarter. American Century Companies Inc. now owns 104,431 shares of the company's stock worth $1,966,000 after purchasing an additional 83,654 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Life Time Group during the 2nd quarter worth approximately $549,000. Point72 Asset Management L.P. raised its position in shares of Life Time Group by 24.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company's stock worth $7,111,000 after purchasing an additional 75,054 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. acquired a new position in shares of Life Time Group during the 2nd quarter worth approximately $3,134,000. Hedge funds and other institutional investors own 79.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their target price on Life Time Group from $21.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada lifted their target price on Life Time Group from $20.00 to $27.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on Life Time Group from $15.00 to $22.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Morgan Stanley lifted their target price on Life Time Group from $21.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Craig Hallum assumed coverage on Life Time Group in a research report on Friday, July 19th. They set a "buy" rating and a $30.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.56.

Life Time Group Company Profile

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.

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