John Kristofer Galashan Sells 3,006,100 Shares of Life Time Group (NYSE:LTH) Stock

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

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

• On Thursday, May 7th, John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54.
• On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total value of $71,302,173.80.

Life Time Group Trading Down 0.7%

NYSE:LTH opened at $32.99 on Thursday. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The firm has a market capitalization of $7.34 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.38 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The business has a 50 day simple moving average of $28.97 and a 200 day simple moving average of $27.84.

Life Time Group (NYSE:LTH) last released 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 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 analyst estimates of $787.65 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Key Life Time Group News

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

• Positive Sentiment: Life Time Group was upgraded to a Zacks Rank #2 (Buy), signaling improved earnings expectations and potentially stronger near-term sentiment for the stock. Article: Life Time Group Holdings (LTH) Upgraded to Buy: Here’s What You Should Know
• Positive Sentiment: The company’s latest earnings report beat estimates, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the view that operating performance remains solid.
• Neutral Sentiment: Broker research remains generally favorable, with several firms maintaining Buy/Overweight ratings and a consensus target price above the current share price, though not enough to offset other headlines.
• Negative Sentiment: Multiple insider sales weighed on sentiment, including large share sales by directors John G. Danhakl and John Kristofer Galashan, as well as a reduction in holdings by major shareholder Partners Group Private Equity.
• Negative Sentiment: Zacks Research also reportedly downgraded Life Time Group from “strong-buy” to “hold,” adding another cautionary note for traders focused on short-term momentum.

Analyst Upgrades and Downgrades

LTH has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a research note on Wednesday, May 6th. Mizuho lifted their target price on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Wells Fargo & Company lifted 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 downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, UBS Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Life Time Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock worth $372,608,000 after buying an additional 374,833 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of Life Time Group in the 3rd quarter worth $8,280,000. ABN Amro Investment Solutions bought a new stake in shares of Life Time Group in the 3rd quarter worth $2,535,000. Quantbot Technologies LP bought a new stake in shares of Life Time Group in the 3rd quarter worth $3,472,000. Finally, TD Asset Management Inc grew its holdings in shares of Life Time Group by 158.1% in the 3rd quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock worth $2,110,000 after acquiring an additional 46,822 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

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.