Life Time Group Holdings, Inc. (NYSE:LTH) Short Interest Update

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 5,590,000 shares, a drop of 21.0% from the September 30th total of 7,080,000 shares. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is presently 3.1 days. Currently, 7.9% of the company's shares are short sold.

Analyst Ratings Changes

A number of analysts have issued reports on LTH shares. The Goldman Sachs Group boosted their target price on Life Time Group from $15.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on Life Time Group from $20.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Morgan Stanley raised their target price on Life Time Group from $21.00 to $29.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Northland Securities lifted their target price on Life Time Group from $28.50 to $29.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Bank of America increased their price target on shares of Life Time Group from $29.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.63.

Life Time Group Stock Up 1.0 %

Shares of Life Time Group stock traded up $0.24 on Friday, reaching $23.51. 1,590,036 shares of the company were exchanged, compared to its average volume of 1,111,351. The stock's 50 day moving average price is $24.48 and its 200-day moving average price is $20.15. The company has a market cap of $4.67 billion, a P/E ratio of 65.31, a price-to-earnings-growth ratio of 3.35 and a beta of 1.87. Life Time Group has a 1-year low of $11.10 and a 1-year high of $27.11. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $693.20 million during the quarter, compared to analysts' expectations of $684.13 million. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company's revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. As a group, equities analysts forecast that Life Time Group will post 0.58 EPS for the current year.

Insider Buying and Selling

In other Life Time Group news, Director John G. Danhakl sold 3,575,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the transaction, the director now directly owns 55,166,700 shares in the company, valued at $1,151,880,696. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Life Time Group news, major shareholder Partners Group Private Equity sold 650,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now owns 5,929,348 shares of the company's stock, valued at $123,804,786.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John G. Danhakl sold 3,575,000 shares of Life Time Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares of the company's stock, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,229,662 shares of company stock worth $88,338,653. Insiders own 12.50% of the company's stock.

Institutional Trading of Life Time Group

A number of institutional investors have recently bought and sold shares of LTH. Amalgamated Bank raised its position in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company's stock worth $38,000 after acquiring an additional 563 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Life Time Group by 17.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company's stock worth $199,000 after purchasing an additional 1,866 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Life Time Group by 345.5% during the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $72,000 after buying an additional 2,280 shares during the last quarter. Dnca Finance acquired a new position in shares of Life Time Group in the 2nd quarter valued at $72,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Life Time Group by 35.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 19,170 shares of the company's stock valued at $361,000 after buying an additional 5,020 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.