Ritadhwaja Jebens Singh Sells 6,810 Shares of Life Time Group Holdings, Inc. (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Ritadhwaja Jebens Singh sold 6,810 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $30.00, for a total value of $204,300.00. Following the completion of the sale, the executive vice president now owns 136,220 shares of the company’s stock, valued at $4,086,600. This trade represents a 4.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ritadhwaja Jebens Singh also recently made the following trade(s):

• On Tuesday, January 21st, Ritadhwaja Jebens Singh sold 48,596 shares of Life Time Group stock. The stock was sold at an average price of $28.00, for a total value of $1,360,688.00.
• On Tuesday, January 14th, Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock. The shares were sold at an average price of $25.00, for a total transaction of $625,000.00.

Life Time Group Price Performance

Shares of LTH stock opened at $29.76 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $11.89 and a twelve month high of $30.39. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $24.35 and a 200 day simple moving average of $23.85. The company has a market cap of $6.16 billion, a P/E ratio of 43.13, a P/E/G ratio of 0.73 and a beta of 1.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amalgamated Bank grew its holdings in shares of Life Time Group by 38.2% during the 2nd quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after purchasing an additional 563 shares during the last quarter. R Squared Ltd acquired a new stake in Life Time Group in the fourth quarter valued at approximately $42,000. Farther Finance Advisors LLC grew its stake in shares of Life Time Group by 105.8% during the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock worth $43,000 after buying an additional 906 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Time Group during the third quarter worth $60,000. Finally, Blue Trust Inc. lifted its stake in shares of Life Time Group by 345.5% in the 3rd quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock valued at $72,000 after acquiring an additional 2,280 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LTH. Guggenheim reissued a “buy” rating and issued a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a report on Friday, January 17th. Evercore ISI initiated coverage on Life Time Group in a research report on Friday, November 22nd. They set an “outperform” rating and a $29.00 price target on the stock. Northland Securities raised their price objective on Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Oppenheimer upped their target price on Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price target on Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Life Time Group presently has an average rating of “Moderate Buy” and an average target price of $31.77.

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.