Life Time Group (NYSE:LTH) Major Shareholder Sells $9,435,740.60 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 329,921 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the transaction, the insider owned 1,651,322 shares in the company, valued at approximately $47,227,809.20. The trade was a 16.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, May 21st, Partners Group Private Equity sold 449,960 shares of Life Time Group stock. The shares were sold at an average price of $32.51, for a total transaction of $14,628,199.60.
• On Thursday, May 7th, Partners Group Private Equity sold 747,178 shares of Life Time Group stock. The stock was sold at an average price of $31.46, for a total transaction of $23,506,219.88.
• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $15,504,603.40.

Life Time Group Stock Down 0.2%

Shares of NYSE LTH opened at $32.34 on Monday. The stock has a market capitalization of $7.20 billion, a PE ratio of 18.91, a P/E/G ratio of 1.35 and a beta of 1.55. 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 firm has a fifty day moving average of $29.86 and a 200-day moving average of $28.19. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $35.33.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $788.70 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research report on Wednesday, May 6th. UBS Group reiterated a “buy” rating and issued a $43.00 price target on shares of Life Time Group in a report on Thursday, March 12th. Finally, Zacks Research lowered Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.30.

Institutional Trading of Life Time Group

A number of hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC lifted its position in shares of Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock worth $291,000 after purchasing an additional 420 shares in the last quarter. Harbour Investments Inc. grew its holdings in Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after purchasing an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after buying an additional 587 shares during the period. Strs Ohio lifted its holdings in Life Time Group by 10.0% in the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after buying an additional 600 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Life Time Group by 19.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after buying an additional 693 shares in the last quarter. Hedge funds and other 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.