Life Time Group (NYSE:LTH) Director Sells $63,165,388.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,208,580 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the sale, the director directly owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. The trade was a 16.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Life Time Group Price Performance

Shares of Life Time Group stock traded down $0.21 during trading hours on Friday, reaching $32.34. 1,568,479 shares of the company’s stock were exchanged, compared to its average volume of 2,907,432. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $35.33. The business has a fifty day moving average of $29.74 and a two-hundred day moving average of $28.13. The company has a market capitalization of $7.20 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55.

Life Time Group (NYSE:LTH) last announced 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 net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Life Time Group’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, 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

LTH has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. KeyCorp initiated coverage on shares of Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. Finally, Zacks Research cut shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Life Time Group during the third quarter worth about $40,000. EverSource Wealth Advisors LLC lifted its position in shares of Life Time Group by 201.6% during 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the fourth quarter worth about $73,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Life Time Group by 74.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after purchasing an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.