Partners Group Private Equity Sells 449,960 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 449,960 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $32.51, for a total transaction of $14,628,199.60. Following the transaction, the insider owned 1,981,243 shares of the company’s stock, valued at approximately $64,410,209.93. This represents a 18.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Partners Group Private Equity also recently made the following trade(s):

• On Thursday, May 7th, Partners Group Private Equity sold 747,178 shares of Life Time Group stock. The stock was sold at an average price of $31.46, for a total transaction of $23,506,219.88.
• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $15,504,603.40.

Life Time Group Price Performance

Shares of NYSE:LTH opened at $32.99 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a fifty day moving average price of $28.97 and a 200 day moving average price of $27.84. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $35.33. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.38 and a beta of 1.50.

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

Analyst Ratings Changes

A number of research firms recently issued reports on LTH. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research note on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price target on shares of Life Time Group in a research report on Tuesday, May 5th. Mizuho raised their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. KeyCorp assumed coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.00.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors have recently modified their holdings of LTH. GAMMA Investing LLC increased its position in shares of Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP purchased a new position in shares of Life Time Group during the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC increased its position in shares of Life Time Group by 201.6% during the second 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 during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Life Time Group during the fourth quarter worth approximately $73,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Life Time Group by 74.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after acquiring an additional 1,225 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group News Summary

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

• Positive Sentiment: Life Time Group was upgraded to a Zacks Rank #2 (Buy), signaling improved earnings expectations and potentially stronger near-term sentiment for the stock. Article: Life Time Group Holdings (LTH) Upgraded to Buy: Here’s What You Should Know
• Positive Sentiment: The company’s latest earnings report beat estimates, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the view that operating performance remains solid.
• Neutral Sentiment: Broker research remains generally favorable, with several firms maintaining Buy/Overweight ratings and a consensus target price above the current share price, though not enough to offset other headlines.
• Negative Sentiment: Multiple insider sales weighed on sentiment, including large share sales by directors John G. Danhakl and John Kristofer Galashan, as well as a reduction in holdings by major shareholder Partners Group Private Equity.
• Negative Sentiment: Zacks Research also reportedly downgraded Life Time Group from “strong-buy” to “hold,” adding another cautionary note for traders focused on short-term momentum.

Life Time Group Company Profile

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.