Life Time Fitness EVP Jeffrey Zwiefel Unloads 25,000 Shares (LTM)

Life Time Fitness EVP Jeffrey Zwiefel Unloads 25,000 Shares (LTM).

Life Time Fitness (NYSE:LTM) EVP Jeffrey Zwiefel sold 25,000 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $55.00, for a total transaction of $1,375,000.00. Following the transaction, the executive vice president now directly owns 130,486 shares in the company, valued at approximately $7,176,730. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Separately, analysts at Oppenheimer downgraded shares of Life Time Fitness from an “outperform” rating to a “market perform” rating in a research note on Friday, April 25th. They now have a $50.00 price target on the stock, down previously from $54.00. They noted that the move was a valuation call. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Life Time Fitness has an average rating of “Buy” and a consensus price target of $58.52.

Life Time Fitness (NYSE:LTM) traded down 0.51% during mid-day trading on Tuesday, hitting $54.61. The stock had a trading volume of 649,273 shares. Life Time Fitness has a 1-year low of $40.15 and a 1-year high of $56.94. The stock’s 50-day moving average is $49.11 and its 200-day moving average is $46.95. The company has a market cap of $2.175 billion and a P/E ratio of 18.60.

Life Time Fitness (NYSE:LTM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $312.00 million for the quarter, compared to the consensus estimate of $309.47 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Life Time Fitness will post $3.09 EPS for the current fiscal year.

Life Time Fitness, Inc, operates multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment.