Life Time Group (NYSE:LTH) Director John Danhakl Sells 3,006,100 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 3,006,100 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 13,236,283 shares in the company, valued at approximately $430,311,560.33. This represents a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Life Time Group Trading Up 3.6%

LTH stock opened at $33.24 on Wednesday. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $35.33. The firm has a market cap of $7.40 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.34 and a beta of 1.50. The business’s 50 day moving average is $28.84 and its 200-day moving average is $27.79. 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 (NYSE:LTH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC boosted its stake in Life Time Group by 4.0% during the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after acquiring an additional 420 shares during the last quarter. Harbour Investments Inc. boosted its stake in Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after acquiring an additional 516 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after acquiring an additional 587 shares during the last quarter. Strs Ohio boosted its stake in Life Time Group by 10.0% during the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after acquiring an additional 600 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after acquiring an additional 693 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LTH shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Life Time Group in a report on Tuesday, May 5th. Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. Morgan Stanley upped their target price on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, KeyCorp began coverage on Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $40.00.

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.