Life Time Group (NYSE:LTH) Sees Unusually-High Trading Volume – Here’s What Happened

Life Time Group Holdings, Inc. (NYSE:LTH) shares saw an uptick in trading volume on Monday . 1,098,550 shares were traded during trading, a decline of 26% from the previous session’s volume of 1,479,113 shares.The stock last traded at $29.64 and had previously closed at $30.50.

Analysts Set New Price Targets

LTH has been the topic of several research reports. Craig Hallum raised their price target on shares of Life Time Group from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 28th. Oppenheimer raised their target price on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Guggenheim upped their price target on shares of Life Time Group from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Northland Securities set a $39.00 price objective on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Evercore ISI set a $38.00 price objective on Life Time Group and gave the stock a “buy” rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.62.

Life Time Group Stock Performance

The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 43.12, a price-to-earnings-growth ratio of 0.81 and a beta of 1.93. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The stock has a 50-day simple moving average of $30.51 and a 200-day simple moving average of $26.31.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the sale, the executive vice president now owns 143,030 shares in the company, valued at approximately $4,004,840. This represents a 25.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now owns 96,361 shares of the company’s stock, valued at $2,854,212.82. This trade represents a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,082,147 shares of company stock valued at $152,891,556 over the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Life Time Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Dnca Finance boosted 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 worth $85,000 after purchasing an additional 407 shares during the period. Summit Investment Advisors Inc. boosted its holdings in shares of Life Time Group by 12.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,478 shares of the company’s stock valued at $143,000 after buying an additional 712 shares during the period. Bank of New York Mellon Corp grew its position in shares of Life Time Group by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 219,915 shares of the company’s stock valued at $4,865,000 after buying an additional 788 shares during the last quarter. Moody National Bank Trust Division boosted its position in Life Time Group by 1.0% during the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after purchasing an additional 911 shares during the period. Finally, Rhumbline Advisers grew its stake in Life Time Group by 1.2% during the 4th quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after buying an additional 1,075 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

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.