Insider Selling: Life Time Group (NYSE:LTH) Director Sells $71,302,173.80 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,493,083 shares of Life Time Group stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $28.60, for a total transaction of $71,302,173.80. Following the completion of the transaction, the director owned 22,412,978 shares of the company’s stock, valued at $641,011,170.80. This trade represents a 10.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Life Time Group Stock Down 1.1%

Shares of Life Time Group 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 50 day moving average of $27.15 and a 200 day moving average of $27.11. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7.09 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.32 and a beta of 1.50.

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 net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts forecast that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on LTH shares. Wells Fargo & Company lifted their price target on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. KeyCorp started coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price objective for the company. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $40.40.

Institutional Trading of Life Time Group

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in shares of 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 buying an additional 721 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Life Time Group in the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC increased its holdings 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 valued at $45,000 after acquiring an additional 1,002 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Life Time Group in the 3rd quarter valued at $69,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Life Time Group in the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

More Life Time Group News

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

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.