Life Time Group Holdings, Inc. (NYSE:LTH) Short Interest Update
by Doug Wharley · The Cerbat GemLife Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 7,619,404 shares, a growth of 26.2% from the December 31st total of 6,039,442 shares. Based on an average daily volume of 2,157,812 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.8% of the company’s stock are sold short. Currently, 3.8% of the company’s stock are sold short. Based on an average daily volume of 2,157,812 shares, the days-to-cover ratio is presently 3.5 days.
Insiders Place Their Bets
In other news, CFO Erik Weaver sold 1,493 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $29.90, for a total value of $44,640.70. Following the completion of the sale, the chief financial officer owned 77,771 shares of the company’s stock, valued at $2,325,352.90. This represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric J. Buss sold 162,722 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total value of $4,562,724.88. Following the sale, the executive vice president owned 380,683 shares in the company, valued at approximately $10,674,351.32. The trade was a 29.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 256,670 shares of company stock worth $7,234,567 over the last quarter. 8.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Life Time Group
Several institutional investors have recently made changes to their positions in the stock. Voya Investment Management LLC boosted its position in shares of Life Time Group by 2,398.6% in the 3rd quarter. Voya Investment Management LLC now owns 1,065,997 shares of the company’s stock valued at $29,422,000 after purchasing an additional 1,023,333 shares during the period. Fisher Asset Management LLC acquired a new stake in Life Time Group during the 2nd quarter worth about $43,473,000. Divisadero Street Capital Management LP purchased a new stake in Life Time Group during the second quarter valued at about $5,381,000. AustralianSuper Pty Ltd acquired a new position in shares of Life Time Group in the third quarter worth about $27,260,000. Finally, Norges Bank acquired a new position in shares of Life Time Group in the second quarter worth about $50,999,000. 79.40% of the stock is owned by institutional investors.
Life Time Group Stock Performance
LTH traded down $0.78 during trading hours on Tuesday, hitting $29.54. 2,588,093 shares of the stock were exchanged, compared to its average volume of 2,291,292. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.55. Life Time Group has a 12 month low of $24.14 and a 12 month high of $34.99. The stock has a 50-day simple moving average of $27.32 and a 200-day simple moving average of $27.20. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 0.91 and a beta of 1.68.
Life Time Group (NYSE:LTH – Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The company had revenue of $782.65 million for the quarter, compared to analysts’ expectations of $770.93 million. Analysts anticipate that Life Time Group will post 0.74 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on LTH shares. Zacks Research lowered shares of Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. UBS Group set a $48.00 price target on Life Time Group in a research note on Friday, October 17th. Morgan Stanley reduced their price target on Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Guggenheim restated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a report on Friday, January 23rd. Finally, Northland Securities set a $42.00 target price on Life Time Group in a research report on Friday, January 23rd. Nine equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.77.
Check Out Our Latest Analysis on Life Time Group
Life Time Group Company Profile
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.