Traders Buy Large Volume of Call Options on Life Time Group (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH) was the target of some unusual options trading activity on Thursday. Investors purchased 6,790 call options on the stock. This is an increase of approximately 1,483% compared to the average volume of 429 call options.

Life Time Group Stock Up 2.9%

Shares of Life Time Group stock opened at $41.02 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $32.48 and its 200-day simple moving average is $29.17. The stock has a market capitalization of $9.13 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.64 and a beta of 1.55. Life Time Group has a twelve month low of $24.14 and a twelve month high of $41.79.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping 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 firm had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that Life Time Group will post 1.48 earnings per share for the current year.

Insider Activity at Life Time Group

In related news, major shareholder Partners Group Private Equity sold 747,178 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88. Following the sale, the insider directly owned 2,431,203 shares of the company’s stock, valued at approximately $76,485,646.38. This trade represents a 23.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Kristofer Galashan sold 4,991,749 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the sale, the director owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. The trade was a 23.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,943,861 shares of company stock valued at $857,228,555. Company insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently made changes to their positions in LTH. Vanguard Group Inc. increased its stake in Life Time Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after buying an additional 143,487 shares during the period. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 1,068,208 shares during the period. Ameriprise Financial Inc. increased its position 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 purchasing an additional 2,091,712 shares during the period. Wellington Management Group LLP raised its stake 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 buying an additional 34,964 shares in the last quarter. Finally, Bank of America Corp DE raised its stake 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 buying an additional 2,156,033 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LTH has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Zacks Research cut Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Guggenheim boosted their price target on Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Northland Securities upped their price target on Life Time Group from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.09.

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.