Life Time Group (NYSE:LTH) Director Sells $1,621,000.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director Stuart Lasher sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $32.42, for a total value of $1,621,000.00. Following the completion of the sale, the director owned 71,058 shares in the company, valued at $2,303,700.36. The trade was a 41.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Life Time Group Stock Performance

Life Time Group stock opened at $31.85 on Monday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7.09 billion, a P/E ratio of 18.62, a PEG ratio of 1.32 and a beta of 1.50. The stock’s 50 day moving average is $27.15 and its 200 day moving average is $27.11. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $33.95.

Life Time Group (NYSE:LTH) last posted its quarterly 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. The company 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 firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. On average, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on LTH shares. UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Life Time Group in a research note on Thursday, March 12th. Wells Fargo & Company increased their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating 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 research note on Friday, April 24th. Morgan Stanley increased their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, KeyCorp began coverage on Life Time Group in a research note on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.40.

Key Headlines Impacting Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Institutional Trading of Life Time Group

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 721 shares during the period. Wexford Capital LP purchased a new stake in Life Time Group during the third quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its position in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 1,002 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in Life Time Group in the third quarter worth about $69,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Life Time Group in the fourth quarter worth about $73,000. 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.