Life Time Group (NYSE:LTH) Director Sells $97,728,311.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 3,006,100 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $32.51, for a total value of $97,728,311.00. Following the completion of the transaction, the director directly owned 13,236,283 shares of the company’s stock, valued at approximately $430,311,560.33. This trade represents a 18.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

John Kristofer Galashan also recently made the following trade(s):

• On Thursday, May 7th, John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54.
• On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total value of $71,302,173.80.

Life Time Group Stock Up 1.2%

LTH stock opened at $33.48 on Friday. The company has a market cap of $7.45 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.50. The business has a 50-day simple moving average of $29.12 and a 200 day simple moving average of $27.90. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $35.33. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business 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%.Life Time Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on LTH. Mizuho boosted their price target 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. Wells Fargo & Company lifted their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. UBS Group reiterated a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. Zacks Research cut Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. 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 report on Wednesday, May 6th. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LTH. Royal Bank of Canada grew its position in Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after acquiring an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after purchasing an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after purchasing an additional 1,428,446 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Life Time Group during the first quarter worth about $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.