Life Time Group (NYSE:LTH) Trading Down 5% Following Insider Selling

Life Time Group Holdings, Inc. (NYSE:LTH)’s stock price fell 5% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $25.93 and last traded at $25.82. 647,961 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 2,352,029 shares. The stock had previously closed at $27.17.

Specifically, EVP Parham Javaheri sold 84,744 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $27.84, for a total value of $2,359,272.96. Following the completion of the transaction, the executive vice president now owns 249,526 shares in the company, valued at $6,946,803.84. This trade represents a 25.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LTH. Craig Hallum upgraded shares of Life Time Group to a “buy” rating and set a $45.00 price target for the company in a report on Friday, May 23rd. Guggenheim increased their price objective on shares of Life Time Group from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Mizuho increased their price objective on shares of Life Time Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, March 5th. Bank of America set a $40.00 price target on shares of Life Time Group and gave the stock a “buy” rating in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 price target on shares of Life Time Group and gave the stock a “buy” rating in a research note on Monday, March 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.92.

Life Time Group Price Performance

The company’s 50-day moving average is $29.80 and its 200-day moving average is $28.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.43 and a quick ratio of 0.31. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 27.71 and a beta of 1.75.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.12. Life Time Group had a net margin of 7.60% and a return on equity of 8.29%. The business had revenue of $706.04 million for the quarter, compared to analysts’ expectations of $684.06 million. During the same period last year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Dnca Finance raised its holdings in Life Time Group by 11.9% in the fourth quarter. Dnca Finance now owns 3,830 shares of the company’s stock valued at $85,000 after buying an additional 407 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Life Time Group by 12.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock valued at $143,000 after purchasing an additional 712 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Life Time Group by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after purchasing an additional 788 shares during the period. Amalgamated Bank raised its stake in shares of Life Time Group by 42.3% during the first quarter. Amalgamated Bank now owns 2,898 shares of the company’s stock valued at $88,000 after purchasing an additional 862 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock valued at $2,026,000 after purchasing an additional 1,075 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Company Profile

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.