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

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 3,006,100 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total transaction of $97,728,311.00. Following the completion of the transaction, the director owned 13,236,283 shares of the company’s stock, valued at $430,311,560.33. This 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 transaction 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 transaction of $71,302,173.80.

Life Time Group Price Performance

LTH stock opened at $33.24 on Wednesday. The company has a market capitalization of $7.40 billion, a P/E ratio of 19.44, a PEG ratio of 1.34 and a beta of 1.50. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $35.33. The business has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $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 posted 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. 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%.The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 earnings per share. As a group, equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Life Time Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP acquired a new stake in Life Time Group in the third quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its position in shares of Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the 4th quarter valued at approximately $73,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after acquiring an additional 1,225 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

LTH has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. Morgan Stanley increased their target price on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. KeyCorp initiated coverage on shares of Life Time Group in a research note on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company increased their target price on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.