Life Time Group (NYSE:LTH) Major Shareholder Partners Group Private Equity Sells 747,178 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88. Following the sale, the insider directly owned 2,431,203 shares in the company, valued at $76,485,646.38. This trade represents a 23.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total value of $15,504,603.40.

Life Time Group Price Performance

LTH traded up $0.44 on Monday, hitting $32.37. 4,013,250 shares of the company’s stock traded hands, compared to its average volume of 3,021,881. The company’s 50 day simple moving average is $27.35 and its 200-day simple moving average is $27.20. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.32 and a beta of 1.50. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $33.95. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last issued its earnings results 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. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same quarter last year, the company earned $0.39 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Hedge Funds Weigh In On Life Time Group

A number of large 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 position in Life Time Group during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC boosted its holdings in Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the period. Asset Management One Co. Ltd. purchased a new position in Life Time Group during the 3rd quarter valued at $69,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Life Time Group during the 4th quarter valued at $73,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LTH. Northland Securities set a $42.00 price objective on Life Time Group in a research note on Friday, January 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. KeyCorp began coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective on the stock. Mizuho lifted their price objective on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Guggenheim reissued a “buy” rating and set a $36.00 target price 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $40.40.

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.