Insider Selling: Life Time Group (NYSE:LTH) Director Sells 4,991,749 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 4,991,749 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Price Performance

Life Time Group stock traded up $0.44 during mid-day trading on Monday, hitting $32.37. 4,013,250 shares of the company were exchanged, compared to its average volume of 3,021,881. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $33.95. The company has a market capitalization of $7.20 billion, a P/E ratio of 18.93, a PEG ratio of 1.32 and a beta of 1.50. The business’s 50 day simple moving average is $27.35 and its two-hundred day simple moving average is $27.20. 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 issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to the consensus estimate 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 was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. Analysts forecast that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LTH. Northland Securities set a $42.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Mizuho raised their price objective on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $40.40.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Life Time Group by 144.5% in the fourth 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 last quarter. Wexford Capital LP purchased a new position in shares of Life Time Group in the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC lifted its stake in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of Life Time Group during the 3rd quarter worth about $69,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Life Time Group during the 4th quarter worth about $73,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.