Life Time Group (NYSE:LTH) Director John Danhakl Sells 1,683,651 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 1,683,651 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $46.86, for a total value of $78,895,885.86. Following the transaction, the director owned 491,915 shares in the company, valued at $23,051,136.90. This represents a 77.39% 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 link.

Life Time Group Price Performance

Shares of NYSE:LTH traded up $1.05 during midday trading on Friday, reaching $46.59. 2,345,367 shares of the company’s stock were exchanged, compared to its average volume of 3,019,062. The company’s 50 day simple moving average is $42.13 and its two-hundred day simple moving average is $36.08. The firm has a market capitalization of $10.46 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. Life Time Group Holdings, Inc. has a 12 month low of $24.45 and a 12 month high of $48.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.63 and a current ratio of 0.73.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The business had revenue of $893.52 million for the quarter, compared to analysts’ expectations of $874.98 million. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Equities research analysts expect that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on LTH shares. Jefferies Financial Group restated a “buy” rating on shares of Life Time Group in a research report on Wednesday, September 23rd. Royal Bank Of Canada raised their price objective on shares of Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Morgan Stanley lifted their target price on shares of Life Time Group from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, October 27th. Barclays initiated coverage on Life Time Group in a report on Monday, October 26th. They issued an “overweight” rating and a $51.00 target price on the stock. Finally, Guggenheim increased their price target on Life Time Group from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Fifteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Institutional Investors Weigh In On Life Time Group

Several large investors have recently bought and sold shares of LTH. Southeast Asset Advisors LLC acquired a new position in Life Time Group during the third quarter worth $2,224,000. Benjamin Edwards Inc. lifted its position in Life Time Group by 1.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 35,946 shares of the company’s stock worth $1,433,000 after buying an additional 418 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Life Time Group by 28.6% during the 3rd quarter. First Trust Advisors LP now owns 361,876 shares of the company’s stock worth $14,432,000 after buying an additional 80,587 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Life Time Group during the 3rd quarter worth about $208,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Life Time Group by 1,393.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 83,315 shares of the company’s stock valued at $3,323,000 after acquiring an additional 77,737 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.