Life Time Fitness CEO Bahram Akradi Unloads $3,768,800 in Stock

Life Time Fitness CEO Unloads $3,768,800 in Stock.Life Time Fitness (NYSE:LTM) CEO Bahram Akradi sold 70,000 shares of the company’s stock on the open market in a transaction dated Monday, August 5th. The stock was sold at an average price of $53.84, for a total value of $3,768,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,385,928 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

LTM has been the subject of a number of recent research reports. Analysts at Feltl & Co. upgraded shares of Life Time Fitness from a “buy” rating to a “strong-buy” rating in a research note to investors on Friday, July 26th. They now have a $67.60 price target on the stock, up previously from $56.43. Separately, analysts at Stifel Nicolaus raised their price target on shares of Life Time Fitness from $56.00 to $60.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus  reiterated a “buy” rating on shares of Life Time Fitness in a research note to investors on Thursday, July 18th. They now have a $56.00 price target on the stock.

Two research analysts have rated the stock with a hold rating, three have given a buy rating and one  has issued  a strong buy rating to the company. Life Time Fitness presently has a consensus rating of “Buy” and an average price target of $60.32.

Life Time Fitness (NYSE:LTM) traded down 1.65% on Tuesday, hitting $53.00. Life Time Fitness has a 1-year low of $39.10 and a 1-year high of $56.94. The stock’s 50-day moving average is currently $52.36. The company has a market cap of $2.191 billion and a price-to-earnings ratio of 19.32.

Life Time Fitness (NYSE:LTM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $308.10 million for the quarter, compared to the consensus estimate of $307.02 million. During the same quarter last year, the company posted $0.73 earnings per share. Life Time Fitness’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that  Life Time Fitness will post $2.93 earnings per share 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.Life Time Fitness (NYSE:LTM) CEO Bahram Akradi sold 70,000 shares of the company’s stock on the open market in a transaction dated Monday, August 5th. The stock was sold at an average price of $53.84, for a total value of $3,768,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,385,928 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

LTM has been the subject of a number of recent research reports. Analysts at Feltl & Co. upgraded shares of Life Time Fitness from a “buy” rating to a “strong-buy” rating in a research note to investors on Friday, July 26th. They now have a $67.60 price target on the stock, up previously from $56.43. Separately, analysts at Stifel Nicolaus raised their price target on shares of Life Time Fitness from $56.00 to $60.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus  reiterated a “buy” rating on shares of Life Time Fitness in a research note to investors on Thursday, July 18th. They now have a $56.00 price target on the stock.

Two research analysts have rated the stock with a hold rating, three have given a buy rating and one  has issued  a strong buy rating to the company. Life Time Fitness presently has a consensus rating of “Buy” and an average price target of $60.32.

Life Time Fitness (NYSE:LTM) traded down 1.65% on Tuesday, hitting $53.00. Life Time Fitness has a 1-year low of $39.10 and a 1-year high of $56.94. The stock’s 50-day moving average is currently $52.36. The company has a market cap of $2.191 billion and a price-to-earnings ratio of 19.32.

Life Time Fitness (NYSE:LTM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $308.10 million for the quarter, compared to the consensus estimate of $307.02 million. During the same quarter last year, the company posted $0.73 earnings per share. Life Time Fitness’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that  Life Time Fitness will post $2.93 earnings per share 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.