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Life Time Group Holdings, Inc. (NYSE:LTH), which has seen its stock surge over 130% in the past year according to InvestingPro data, saw its Executive Vice President and Chief Financial Officer, Erik Weaver, engage in several stock transactions, according to a recent SEC filing. On March 3, Weaver sold 862 shares of common stock at an average price of $30.82 per share, totaling $26,566. This sale was part of a sell-to-cover transaction to meet tax withholding obligations, as mandated by the issuer’s award agreement.
Earlier, on February 28, Weaver acquired 13,131 shares of common stock without any monetary exchange, increasing his direct ownership to 109,492 shares. On the same day, he disposed of 4,019 shares at $30.46 each to cover tax obligations, amounting to $122,418.
Following these transactions, Weaver’s direct ownership stands at 104,611 shares, subject to a lock-up agreement effective February 27, 2025, which restricts the sale of these shares for 60 days, with certain exceptions. With analyst price targets ranging from $22 to $45, investors seeking deeper insights into LTH’s valuation and growth prospects can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Life Time Group Holdings Inc. reported impressive fourth-quarter 2024 earnings, significantly surpassing analyst expectations with an EPS of $0.27, more than double the forecasted $0.11, and revenue of $663.3 million, exceeding projections by approximately $19.55 million. Following these results, the company revised its EBITDA guidance for 2025 upward, highlighting a strong financial outlook. Craig-Hallum analyst Alex Fuhrman increased the price target for Life Time Group to $45, citing the company’s robust financial position and growth potential, while Guggenheim raised its target to $36, emphasizing the company’s ongoing growth despite broader market concerns.
Additionally, Life Time Group announced a $699.2 million secondary stock offering, managed by J.P. Morgan and BofA Securities, which is expected to close in March 2025. S&P Global revised Life Time’s outlook to positive from stable, reflecting the company’s better-than-expected 2024 results and a supportive financial policy. The firm noted that Life Time’s debt to EBITDA ratio was lower than previously forecasted, indicating a strong financial position.
Life Time also plans to open 10-12 new clubs in 2025 as part of its asset-light growth strategy, leveraging internally generated cash flows and proceeds from sale-leaseback transactions. The company is expected to maintain its net leverage target of 2.25x or below, providing a cushion relative to S&P Global Ratings’ thresholds. These recent developments underscore Life Time’s strong performance and strategic growth initiatives in the health and wellness sector.
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