John Danhakl Sells 2,879,154 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,879,154 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Life Time Group Price Performance

Shares of NYSE LTH opened at $43.58 on Friday. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $47.24. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.57 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.56. The business has a 50-day moving average of $42.85 and a 200-day moving average of $34.14.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. The firm had revenue of $866.00 million for the quarter, compared to analyst estimates of $845.75 million. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LTH. Kestra Advisory Services LLC boosted its position in Life Time Group by 4.0% during the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after purchasing an additional 420 shares during the period. Harbour Investments Inc. grew its stake in Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock worth $170,000 after buying an additional 516 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Life Time Group by 49.5% in the first 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 increased its position in Life Time Group by 10.0% in the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after buying an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after buying an additional 717 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LTH has been the subject of a number of recent analyst reports. Mizuho raised their price objective on Life Time Group from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Royal Bank Of Canada upped their target price on Life Time Group from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Bank of America reiterated a “buy” rating and set a $51.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Guggenheim reissued a “buy” rating and set a $50.00 price target on shares of Life Time Group in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Life Time Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to MarketBeat, Life Time Group has a consensus rating of “Buy” and an average price target of $54.85.

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.