Life Time Group (NYSE:LTH) Director John Kristofer Galashan Sells 2,879,154 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,879,154 shares of Life Time Group stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total value of $126,106,945.20. Following the transaction, the director directly owned 3,029,450 shares of the company’s stock, valued at $132,689,910. The trade was a 48.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, August 10th, John Kristofer Galashan sold 5,119,099 shares of Life Time Group stock. The stock was sold at an average price of $43.16, for a total transaction of $220,940,312.84.
• On Thursday, June 4th, John Kristofer Galashan sold 2,208,580 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00.

Life Time Group Stock Performance

Life Time Group stock opened at $43.58 on Friday. The firm’s 50 day simple moving average is $42.85 and its 200 day simple moving average is $34.14. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $9.74 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $47.24.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. As a group, analysts expect that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LTH shares. Weiss Ratings raised Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their target price on Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group raised their price target on Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Bank of America reissued a “buy” rating and set a $51.00 price objective on shares of Life Time Group in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $54.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Life Time Group during the second quarter valued at about $388,000. California State Teachers Retirement System boosted its holdings in shares of Life Time Group by 3,933.8% in the 2nd quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company’s stock worth $278,210,000 after purchasing an additional 6,643,315 shares in the last quarter. Odyssean LLC boosted its holdings in shares of Life Time Group by 23.8% in the 2nd quarter. Odyssean LLC now owns 70,954 shares of the company’s stock worth $2,898,000 after purchasing an additional 13,631 shares in the last quarter. Nykredit A S bought a new position in shares of Life Time Group during the 2nd quarter valued at about $47,000. Finally, Wedbush Securities Inc. bought a new position in shares of Life Time Group during the 2nd quarter valued at about $218,000. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

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.