Insider Selling: Life Time Group Holdings, Inc. (NYSE:LTH) CFO Sells 1,741 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares in the company, valued at approximately $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Life Time Group Trading Up 1.1 %

NYSE:LTH traded up $0.34 during mid-day trading on Thursday, hitting $30.84. The company had a trading volume of 2,030,060 shares, compared to its average volume of 1,893,152. Life Time Group Holdings, Inc. has a fifty-two week low of $11.89 and a fifty-two week high of $31.24. The business’s fifty day moving average is $24.89 and its two-hundred day moving average is $24.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. The firm has a market cap of $6.38 billion, a P/E ratio of 44.69, a P/E/G ratio of 0.72 and a beta of 1.94.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Craig Hallum increased their target price on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Northland Securities raised their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Guggenheim reaffirmed a “buy” rating and issued a $32.00 target price (up from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Oppenheimer lifted their target price on Life Time Group from $33.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average price target of $31.77.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Life Time Group in the fourth quarter valued at approximately $307,000. Arizona State Retirement System boosted its stake in shares of Life Time Group by 21.3% during the 4th quarter. Arizona State Retirement System now owns 20,828 shares of the company’s stock worth $461,000 after acquiring an additional 3,651 shares during the period. Victory Capital Management Inc. lifted its holdings in Life Time Group by 155.8% during the 4th quarter. Victory Capital Management Inc. now owns 66,784 shares of the company’s stock worth $1,477,000 after purchasing an additional 40,671 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Life Time Group by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,371 shares of the company’s stock valued at $13,324,000 after acquiring an additional 15,530 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Life Time Group in the 4th quarter valued at $88,000. 79.40% of the stock is currently owned by 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.