Life Time Group (NYSE:LTH) EVP Sells $2,849,823.27 in Stock

by · The Cerbat Gem

Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) EVP Parham Javaheri sold 63,203 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $45.09, for a total transaction of $2,849,823.27. Following the sale, the executive vice president owned 183,371 shares of the company’s stock, valued at $8,268,198.39. This trade represents a 25.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Parham Javaheri also recently made the following trade(s):

  • On Friday, May 8th, Parham Javaheri sold 62,900 shares of Life Time Group stock. The stock was sold at an average price of $31.80, for a total transaction of $2,000,220.00.

Life Time Group Stock Performance

Shares of Life Time Group stock traded up $0.69 on Tuesday, hitting $44.86. 3,194,806 shares of the company’s stock were exchanged, compared to its average volume of 2,931,984. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $47.24. The company has a 50-day simple moving average of $38.70 and a 200-day simple moving average of $32.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The stock has a market capitalization of $10.02 billion, a PE ratio of 24.38, a PEG ratio of 1.80 and a beta of 1.50.

Life Time Group (NYSE:LTH – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The firm had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. During the same period in the prior year, the business posted $0.37 EPS. Life Time Group’s revenue was up 13.7% on a year-over-year basis. As a group, equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.53 EPS for the current year.

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently bought and sold shares of LTH. Wellington Management Group LLP lifted its position in shares of Life Time Group by 129.3% during the third quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after purchasing an additional 3,286,229 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after buying an additional 2,091,712 shares during the period. Norges Bank purchased a new position in Life Time Group in the 4th quarter worth about $49,228,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Life Time Group by 2,328.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after buying an additional 1,775,837 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on LTH. Royal Bank Of Canada boosted their target price on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday. Jefferies Financial Group lifted their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Guggenheim boosted their price target on shares of Life Time Group from $41.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group assumed coverage on Life Time Group in a research report on Monday. They set a “buy” rating and a $53.00 price objective for the company. Finally, Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Life Time Group currently has an average rating of “Buy” and a consensus price target of $53.77.

Check Out Our Latest Report on LTH

About Life Time Group

(Get Free Report)

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.

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