Life Time Group (NYSE:LTH – Get Free Report) posted its earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01), Briefing.com reports. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The business had revenue of $693.20 million during the quarter, compared to the consensus estimate of $684.13 million. During the same period in the previous year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Life Time Group updated its FY 2024 guidance to EPS.
Life Time Group Price Performance
Shares of NYSE LTH traded up $0.24 during midday trading on Friday, reaching $23.51. 1,590,036 shares of the stock traded hands, compared to its average volume of 1,111,351. The company’s 50 day moving average is $24.49 and its 200 day moving average is $20.06. Life Time Group has a one year low of $11.10 and a one year high of $27.11. The stock has a market capitalization of $4.67 billion, a PE ratio of 65.31, a P/E/G ratio of 3.35 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.44 and a quick ratio of 0.32.
Insider Buying and Selling
In other news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total value of $120,652.56. Following the sale, the chief financial officer now directly owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Life Time Group news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $25.88, for a total transaction of $120,652.56. Following the transaction, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John G. Danhakl sold 3,575,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares in the company, valued at approximately $1,151,880,696. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,229,662 shares of company stock worth $88,338,653. Insiders own 12.50% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Analysis on Life Time Group
About Life Time Group
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.
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