Life Time Group Holdings, Inc. (NYSE:LTH) Sees Large Decrease in Short Interest

Life Time Group Holdings, Inc. (NYSE:LTH) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,590,000 shares, a decline of 21.0% from the September 30th total of 7,080,000 shares. Approximately 7.9% of the shares of the company are sold short. Based on an average daily volume of 1,790,000 shares, the short-interest ratio is currently 3.1 days.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 4,662 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $25.88, for a total value of $120,652.56. Following the completion of the sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Erik Weaver sold 4,662 shares of the firm’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 completion of the sale, the chief financial officer now owns 75,866 shares in the company, valued at $1,963,412.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John G. Danhakl sold 3,575,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total transaction of $74,646,000.00. Following the transaction, the director now owns 55,166,700 shares in the company, valued at $1,151,880,696. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,229,662 shares of company stock worth $88,338,653. Company insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of the stock. Quantbot Technologies LP increased its holdings in shares of Life Time Group by 1,443.3% during the 1st quarter. Quantbot Technologies LP now owns 73,986 shares of the company’s stock worth $1,148,000 after buying an additional 69,192 shares during the last quarter. American Century Companies Inc. increased its stake in Life Time Group by 402.6% during the second quarter. American Century Companies Inc. now owns 104,431 shares of the company’s stock worth $1,966,000 after acquiring an additional 83,654 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Life Time Group in the 2nd quarter worth about $549,000. Point72 Asset Management L.P. lifted its stake in shares of Life Time Group by 24.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 377,624 shares of the company’s stock valued at $7,111,000 after purchasing an additional 75,054 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new stake in shares of Life Time Group during the 2nd quarter worth about $3,134,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LTH. Bank of America boosted their price objective on shares of Life Time Group from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Craig Hallum initiated coverage on shares of Life Time Group in a research note on Friday, July 19th. They set a “buy” rating and a $30.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada increased their target price on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their price target on Life Time Group from $21.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Life Time Group Trading Down 0.2 %

Shares of LTH stock traded down $0.05 during mid-day trading on Tuesday, hitting $22.95. 172,096 shares of the company’s stock were exchanged, compared to its average volume of 1,107,352. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 63.89, a PEG ratio of 3.35 and a beta of 1.87. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. Life Time Group has a fifty-two week low of $11.10 and a fifty-two week high of $27.11. The stock has a 50-day simple moving average of $24.46 and a two-hundred day simple moving average of $20.25.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $693.20 million during the quarter, compared to analyst estimates of $684.13 million. Life Time Group had a return on equity of 5.36% and a net margin of 4.54%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Equities analysts expect that Life Time Group will post 0.58 EPS for the current fiscal year.

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.