Life Time Group (NYSE:LTH) EVP Eric Buss Sells 192,217 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Eric Buss sold 192,217 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $32.02, for a total value of $6,154,788.34. Following the sale, the executive vice president directly owned 474,008 shares of the company’s stock, valued at $15,177,736.16. This represents a 28.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Life Time Group Price Performance

Shares of LTH stock opened at $31.85 on Friday. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $33.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.53. The firm has a market capitalization of $7.09 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.33 and a beta of 1.50. The stock has a 50 day moving average price of $27.15 and a 200 day moving average price of $27.11.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same period last year, the company earned $0.39 EPS. Life Time Group’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on LTH. KeyCorp began coverage on Life Time Group in a research note on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target for the company. Morgan Stanley raised their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Guggenheim restated a “buy” rating and set a $36.00 price objective on shares of Life Time Group in a report on Friday, January 23rd. UBS Group restated a “buy” rating and set a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. Finally, Wells Fargo & Company raised their price objective on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $40.40.

Life Time Group News Summary

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP bought a new position in shares of Life Time Group in the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC raised its position in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Life Time Group in the 3rd quarter worth $69,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Life Time Group in the 4th quarter worth $73,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.