John Danhakl Sells 4,991,749 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 4,991,749 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the completion of the sale, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Life Time Group Trading Up 3.9%

NYSE LTH opened at $33.60 on Wednesday. The company has a market cap of $7.48 billion, a PE ratio of 19.65, a PEG ratio of 1.34 and a beta of 1.50. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $34.08. The stock has a 50 day moving average of $27.48 and a 200-day moving average of $27.25.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Key Headlines Impacting Life Time Group

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

• Positive Sentiment: Life Time Group recently reported better-than-expected quarterly results, with EPS of $0.42 beating estimates of $0.39 and revenue rising 11.7% year over year to $788.7 million, reinforcing the company’s growth and profitability story.
• Neutral Sentiment: The shares have been trading near their 52-week high, suggesting investors are pricing in strong momentum, though this also leaves less room for near-term upside if sentiment cools.
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 747,178 shares, a 23.5% reduction in its stake, which can be read as a sign of reduced conviction or portfolio rebalancing.
• Negative Sentiment: Director John G. Danhakl and EVP Parham Javaheri also disclosed large stock sales, adding to concerns that insiders may be taking profits after the recent run-up.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Phillip James Consulting Co. acquired a new stake in shares of Life Time Group during the first quarter worth $91,000. PNC Financial Services Group Inc. raised its position in shares of Life Time Group by 244.9% in the first quarter. PNC Financial Services Group Inc. now owns 35,492 shares of the company’s stock valued at $956,000 after buying an additional 25,200 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Life Time Group by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after buying an additional 1,068,208 shares in the last quarter. Swiss National Bank raised its position in shares of Life Time Group by 0.6% in the first quarter. Swiss National Bank now owns 283,700 shares of the company’s stock valued at $7,643,000 after buying an additional 1,800 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Life Time Group by 79.0% in the first quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after buying an additional 380,610 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LTH shares. Morgan Stanley raised their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Mizuho raised their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Guggenheim reiterated a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a research note on Friday, January 23rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $40.40.

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.