Life Time Group (NYSE:LTH – Get Free Report) issued its earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01), Briefing.com reports. Life Time Group had a net margin of 4.54% and a return on equity of 5.36%. The company had revenue of $693.20 million during the quarter, compared to analysts’ expectations of $684.13 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Life Time Group updated its FY 2024 guidance to EPS.
Life Time Group Trading Down 8.5 %
NYSE LTH traded down $2.15 on Thursday, reaching $23.17. The stock had a trading volume of 1,087,757 shares, compared to its average volume of 1,100,971. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. The stock has a fifty day moving average price of $24.47 and a two-hundred day moving average price of $20.04. Life Time Group has a 12-month low of $11.10 and a 12-month high of $27.11. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 66.08, a P/E/G ratio of 3.20 and a beta of 1.87.
Insider Transactions at Life Time Group
In related news, CFO Erik Weaver sold 4,662 shares of the business’s stock in a transaction 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 sale, the chief financial officer now owns 75,866 shares in the company, valued at approximately $1,963,412.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Erik Weaver sold 4,662 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 75,866 shares of the company’s stock, valued at $1,963,412.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Partners Group Private Equity sold 650,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total transaction of $13,572,000.00. Following the completion of the transaction, the insider now directly owns 5,929,348 shares of the company’s stock, valued at $123,804,786.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,229,662 shares of company stock worth $88,338,653 over the last ninety days. Company insiders own 12.50% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Report on Life Time Group
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.
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