Insider Selling: Life Time Group Holdings, Inc. (NYSE:LTH) EVP Sells 168,000 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Parham Javaheri sold 168,000 shares of Life Time Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $24.57, for a total transaction of $4,127,760.00. Following the sale, the executive vice president now owns 243,938 shares of the company’s stock, valued at approximately $5,993,556.66. The trade was a 40.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Life Time Group Stock Down 2.3 %

LTH opened at $24.06 on Thursday. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.59 and a beta of 1.89. The firm has a 50 day moving average price of $24.42 and a 200-day moving average price of $21.69. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $27.11. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 24th. The company reported $0.19 earnings per share 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 the consensus estimate of $684.13 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 0.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada lifted their price objective on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on shares of Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Bank of America increased their target price on Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Evercore ISI began coverage on shares of Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target for the company. Finally, Morgan Stanley lifted their price objective on Life Time Group from $21.00 to $29.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

Institutional Investors Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently modified their holdings of LTH. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after buying an additional 78,290 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock worth $199,000 after acquiring an additional 1,866 shares during the last quarter. Bayesian Capital Management LP boosted its position in shares of Life Time Group by 69.4% during the first quarter. Bayesian Capital Management LP now owns 18,544 shares of the company’s stock valued at $288,000 after buying an additional 7,600 shares during the period. Sona Asset Management US LLC purchased a new position in Life Time Group during the 1st quarter valued at $5,044,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Life Time Group during the second quarter valued at $141,000. 79.40% of the stock is currently 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.