Insider Selling: Life Time Group (NYSE:LTH) Director Sells 3,006,100 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 3,006,100 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $32.51, for a total value of $97,728,311.00. Following the transaction, the director directly owned 13,236,283 shares of the company’s stock, valued at $430,311,560.33. The trade was a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Life Time Group Stock Up 3.6%

NYSE LTH traded up $1.17 during trading on Tuesday, reaching $33.24. 3,666,514 shares of the company’s stock were exchanged, compared to its average volume of 3,709,245. The stock has a market cap of $7.40 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The company has a 50 day moving average price of $28.84 and a two-hundred day moving average price of $27.79. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $35.33.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share 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 business had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings 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 during the last quarter. Wexford Capital LP acquired a new stake in shares of Life Time Group during the third quarter worth $40,000. EverSource Wealth Advisors LLC boosted its holdings 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 during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the fourth quarter worth $73,000. Finally, Nisa Investment Advisors LLC boosted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analysts Set New Price Targets

LTH has been the subject of several analyst reports. Morgan Stanley boosted their target price on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, UBS Group reiterated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Life Time Group has a consensus rating of “Buy” and a consensus price target of $40.00.

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.