Life Time Group (NYSE:LTH) Major Shareholder Partners Group Private Equity Sells 449,960 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 449,960 shares of the business’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 transaction of $14,628,199.60. Following the completion of the sale, the insider directly owned 1,981,243 shares in the company, valued at approximately $64,410,209.93. This trade represents a 18.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Partners Group Private Equity also recently made the following trade(s):

• On Thursday, May 7th, Partners Group Private Equity sold 747,178 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total transaction of $23,506,219.88.
• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total transaction of $15,504,603.40.

Life Time Group Stock Performance

NYSE:LTH opened at $33.24 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $35.33. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.34 and a beta of 1.50. The business’s fifty day moving average is $28.84 and its 200 day moving average is $27.79.

Life Time Group (NYSE:LTH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LTH. 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. KeyCorp began coverage on shares of Life Time Group in a report on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $41.00 target price on shares of Life Time Group in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $40.00.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors have recently made changes to their positions in LTH. Royal Bank of Canada increased its holdings in shares of Life Time Group by 140.4% in the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after buying an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Life Time Group by 25.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after buying an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Life Time Group by 143.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after buying an additional 1,428,446 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Life Time Group in the 1st quarter worth $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after buying an additional 64,348 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.