Ritadhwaja Jebens Singh Sells 48,596 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTHGet Free Report) EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total transaction of $1,360,688.00. Following the completion of the transaction, the executive vice president now owns 143,030 shares of the company’s stock, valued at approximately $4,004,840. This trade represents a 25.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ritadhwaja Jebens Singh also recently made the following trade(s):

  • On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00.

Life Time Group Stock Performance

NYSE:LTH traded up $0.15 on Thursday, hitting $28.60. The stock had a trading volume of 1,531,056 shares, compared to its average volume of 1,958,854. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The business’s 50-day simple moving average is $23.85 and its two-hundred day simple moving average is $23.50. Life Time Group Holdings, Inc. has a 52-week low of $11.89 and a 52-week high of $28.92.

Life Time Group (NYSE:LTHGet Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. Life Time Group had a return on equity of 6.42% and a net margin of 5.67%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. As a group, research analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Morgan Stanley raised their price objective on shares of 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. Northland Securities raised their price target on shares of Life Time Group from $29.00 to $31.50 and gave the company an “outperform” rating in a research report on Friday, January 17th. Craig Hallum boosted their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI assumed coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.95.

Get Our Latest Report on Life Time Group

Institutional Trading of Life Time Group

A number of large investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Life Time Group in the 4th quarter worth approximately $42,000. Park Avenue Securities LLC bought a new position in shares of Life Time Group in the 4th quarter worth $542,000. Moody National Bank Trust Division increased its position in Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after buying an additional 911 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Life Time Group by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,569,214 shares of the company’s stock valued at $87,160,000 after purchasing an additional 356,255 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Life Time Group by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 3,646,372 shares of the company’s stock valued at $89,045,000 after purchasing an additional 46,710 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Life Time Group (NYSE:LTH)

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