John Danhakl Sells 2,208,580 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,208,580 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the completion of the sale, the director owned 11,027,703 shares of the company’s stock, valued at approximately $315,392,305.80. This trade represents a 16.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Life Time Group Trading Down 0.7%

Shares of Life Time Group stock opened at $32.34 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.55. The business has a fifty day simple moving average of $29.86 and a 200-day simple moving average of $28.16. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $35.33.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 EPS 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 business had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same period in the prior year, the business posted $0.39 earnings per share. Life Time Group’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LTH. GAMMA Investing LLC increased its position in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the last quarter. Wexford Capital LP acquired a new position in Life Time Group in the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Life Time Group in the 4th quarter worth about $73,000. Finally, Nisa Investment Advisors LLC increased its position in Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after purchasing an additional 1,225 shares during the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on LTH. Royal Bank Of Canada upped their price target on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research report on Wednesday, May 6th. Morgan Stanley upped their price target on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Mizuho upped their price target on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, UBS Group reissued a “buy” rating and set a $43.00 price target on shares of Life Time Group in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.30.

About Life Time Group

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.