Partners Group Private Equity Sells 329,921 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 329,921 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $9,435,740.60. Following the completion of the transaction, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. This represents a 16.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, May 21st, Partners Group Private Equity sold 449,960 shares of Life Time Group stock. The stock was sold at an average price of $32.51, for a total value of $14,628,199.60.
• On Thursday, May 7th, Partners Group Private Equity sold 747,178 shares of Life Time Group stock. The stock was sold at an average price of $31.46, for a total value of $23,506,219.88.
• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total value of $15,504,603.40.

Life Time Group Price Performance

LTH opened at $32.34 on Friday. The stock has a 50-day moving average price of $29.86 and a 200-day moving average price of $28.16. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. 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 stock has a market capitalization of $7.20 billion, a P/E ratio of 18.91, a PEG ratio of 1.35 and a beta of 1.55.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

Several institutional investors have recently bought and sold shares of LTH. GAMMA Investing LLC boosted its holdings in Life Time Group by 144.5% during the 4th 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 purchased a new stake in Life Time Group during the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 1,002 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Life Time Group in the 4th quarter worth approximately $73,000. Finally, Nisa Investment Advisors LLC lifted its holdings 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 buying an additional 1,225 shares during the period. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LTH shares. Morgan Stanley upped their price objective on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. KeyCorp initiated coverage on Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a report on Tuesday, May 5th. Royal Bank Of Canada increased their target price on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Life Time Group currently has a consensus rating of “Moderate Buy” and a consensus 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.