Life Time Group (NYSE:LTH) CEO Bahram Akradi Sells 264,000 Shares of Stock

by · The Cerbat Gem

Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) CEO Bahram Akradi sold 264,000 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $45.04, for a total transaction of $11,890,560.00. Following the completion of the transaction, the chief executive officer directly owned 3,351,086 shares of the company’s stock, valued at approximately $150,932,913.44. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Life Time Group Price Performance

Shares of NYSE LTH opened at $44.63 on Wednesday. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $47.32. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42. The firm has a market cap of $10.02 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 1.41 and a beta of 1.46. The business has a 50 day moving average price of $41.64 and a two-hundred day moving average price of $35.41.

Life Time Group (NYSE:LTH – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. The business had revenue of $893.52 million during the quarter, compared to analyst estimates of $874.98 million. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

Several institutional investors have recently bought and sold shares of LTH. Root Financial Partners LLC acquired a new position in shares of Life Time Group during the 3rd quarter valued at $36,000. Nykredit A S bought a new stake in shares of Life Time Group in the 2nd quarter worth $47,000. Anchor Investment Management LLC acquired a new stake in shares of Life Time Group in the second quarter valued at $68,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after buying an additional 587 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Life Time Group by 286.7% in the second quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock valued at $74,000 after buying an additional 1,339 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

LTH has been the topic of several research reports. Barclays assumed coverage on shares of Life Time Group in a research note on Monday, October 26th. They set an “overweight” rating and a $51.00 price objective on the stock. Royal Bank Of Canada raised their price target on shares of Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating and set a $51.00 price target on shares of Life Time Group in a report on Friday, July 31st. KeyCorp boosted their price objective on Life Time Group from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 27th. Fifteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.14.

View Our Latest Stock Report on Life Time Group

Life Time Group Company Profile

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Life Time Group Holdings, Inc (NYSE: LTH) operates a network of luxury athletic country clubs in the United States and Canada. The company’s facilities combine fitness, sports, health, and wellness services in an integrated club environment designed for individuals and families.

Life Time clubs typically offer cardiovascular and strength-training equipment, group fitness classes, personal training, indoor and outdoor pools, tennis, pickleball, basketball, and other athletic programs. Many locations also provide childcare, spas, cafés, workspaces, recovery services, and specialized programs for children, older adults, and other member groups.

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