Erik Weaver Sells 22,000 Shares of Life Time Group (NYSE:LTH) Stock
by Renee Jackson · The Cerbat GemLife Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) CFO Erik Weaver sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $32.69, for a total value of $719,180.00. Following the completion of the sale, the chief financial officer owned 114,166 shares in the company, valued at $3,732,086.54. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Erik Weaver also recently made the following trade(s):
- On Tuesday, March 3rd, Erik Weaver sold 1,329 shares of Life Time Group stock. The shares were sold at an average price of $25.73, for a total value of $34,195.17.
Life Time Group Trading Down 1.1%
LTH traded down $0.34 during trading on Friday, reaching $31.85. 8,677,660 shares of the stock traded hands, compared to its average volume of 2,933,612. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $7.09 billion, a PE ratio of 18.62, a P/E/G ratio of 1.42 and a beta of 1.50. The stock’s 50-day moving average is $27.15 and its 200 day moving average is $27.11. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $33.95.
Life Time Group (NYSE:LTH – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.
Hedge Funds Weigh In On Life Time Group
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC lifted its holdings in shares of Life Time Group by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after purchasing an additional 420 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Life Time Group by 8.8% in the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after purchasing an additional 516 shares in the last quarter. Strs Ohio lifted its holdings in shares of Life Time Group by 10.0% in the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after purchasing an additional 600 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Life Time Group by 19.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after purchasing an additional 693 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Life Time Group by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock worth $163,000 after purchasing an additional 717 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.
Key Stories Impacting Life Time Group
Here are the key news stories impacting Life Time Group this week:
- Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
- Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
- Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
- Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
- Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
- Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on LTH. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and set a $41.00 price target on shares of Life Time Group in a report on Tuesday. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a report on Wednesday. Wells Fargo & Company increased their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.40.
Check Out Our Latest Report on LTH
About Life Time Group
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.