Ritadhwaja Singh Jebens, the Executive Vice President and Chief Digital Officer of Life Time Group Holdings, Inc. (NYSE:LTH), recently sold 25,000 shares of the company’s common stock. The shares were sold at a price of $25.00 each, amounting to a total transaction value of $625,000. This transaction was conducted on January 14, 2025, under a Rule 10b5-1 trading plan that Singh adopted on September 10, 2024. Following this sale, Singh retains ownership of 191,626 shares in the company. According to InvestingPro analysis, Life Time Group maintains a GOOD overall financial health score, though current data suggests the stock is trading above its Fair Value. InvestingPro subscribers have access to 8 additional key insights about LTH's financial position and growth prospects.
In other recent news, Life Time Group Holdings, Inc. reported robust preliminary results for the fourth quarter of 2024, surpassing analyst expectations. The company's estimated total revenue for the quarter is expected to rise by 18.5% to $661-$663 million, notably higher than the analyst consensus of $643.74 million. Additionally, Life Time's adjusted diluted earnings per share (EPS) for the quarter are projected to increase to $0.24-$0.25, significantly above the $0.16 consensus estimate.
For the full fiscal year of 2024, the company anticipates total revenue to grow by 18.2% to $2,619-$2,621 million, exceeding the analyst forecast of $2,600 million. Moreover, the adjusted diluted EPS for 2024 is estimated to rise to $0.91-$0.92, outperforming the $0.79 consensus.
Looking further ahead, Life Time provided an upbeat outlook for 2025, expecting total revenue to climb 12.2% to $2,910-$2,970 million, substantially above the $2,800 million analyst consensus. This optimistic projection is attributed to growth in memberships and in-center revenue, as well as an efficient operating model leading to expanding margins.
These recent developments highlight the company's strong performance and future growth potential. The full fiscal year 2024 results are planned to be released on February 27, 2025.
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