Life Time Group (NYSE:LTH) Director Sells $126,106,945.20 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,879,154 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the sale, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. The trade was a 48.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 10th, John Kristofer Galashan sold 5,119,099 shares of Life Time Group stock. The stock was sold at an average price of $43.16, for a total value of $220,940,312.84.
• On Thursday, June 4th, John Kristofer Galashan sold 2,208,580 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00.

Life Time Group Trading Down 1.7%

NYSE:LTH traded down $0.77 on Friday, reaching $43.58. The stock had a trading volume of 2,810,325 shares, compared to its average volume of 2,985,166. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The firm’s fifty day moving average is $42.85 and its two-hundred day moving average is $34.14. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $47.24.

Life Time Group (NYSE:LTH) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The company had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. Equities analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LTH. Vanguard Group Inc. lifted its stake in shares of Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after purchasing an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Life Time Group by 15.2% during the 1st 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 during the period. Ameriprise Financial Inc. raised its holdings in shares of Life Time Group by 41.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the period. California State Teachers Retirement System lifted its position in Life Time Group by 3,933.8% during the 2nd quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company’s stock worth $278,210,000 after acquiring an additional 6,643,315 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Life Time Group by 1.6% in the 2nd quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company’s stock worth $257,631,000 after acquiring an additional 99,154 shares during the period. 79.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LTH has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a report on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Jefferies Financial Group increased their price target on shares of Life Time Group from $41.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Buy” and an average price target of $54.85.

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.