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

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,208,580 shares of the firm’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 sale, the director directly owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. This represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 21st, John Kristofer Galashan sold 3,006,100 shares of Life Time Group stock. The shares were sold at an average price of $32.51, for a total value of $97,728,311.00.
• 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 Trading Down 0.7%

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

Life Time Group (NYSE:LTH) last released 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. The company had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. Analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Life Time Group by 1.1% in the 4th 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after purchasing an additional 1,068,208 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Life Time Group by 41.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Life Time Group by 102.1% in the 3rd quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LTH shares. Zacks Research cut Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. 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 note on Wednesday, May 6th. KeyCorp started coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 target price for the company. Jefferies Financial Group reissued a “buy” rating and issued a $41.00 target price on shares of Life Time Group in a research note on Tuesday, May 5th. Finally, UBS Group reissued a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and an average price target 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.