Life Time Group Holdings, Inc. (NYSE:LTH) Director Sells $74,646,000.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John G. Danhakl sold 3,575,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the sale, the director now owns 55,166,700 shares in the company, valued at $1,151,880,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Life Time Group Price Performance

NYSE:LTH traded up $1.09 during trading hours on Friday, hitting $23.59. 2,926,789 shares of the company’s stock traded hands, compared to its average volume of 987,661. The business’s fifty day simple moving average is $20.12 and its two-hundred day simple moving average is $16.44. Life Time Group Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $24.79. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. The firm has a market cap of $4.69 billion, a P/E ratio of 65.53, a P/E/G ratio of 3.92 and a beta of 1.86.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $667.80 million for the quarter, compared to analysts’ expectations of $634.92 million. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LTH shares. Wells Fargo & Company boosted their price objective on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Mizuho upped their price target on Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Craig Hallum started coverage on Life Time Group in a report on Friday, July 19th. They issued a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada upped their price objective on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group upped their price objective on Life Time Group from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.93.

Hedge Funds Weigh In On Life Time Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its position in Life Time Group by 38.2% during the second quarter. Amalgamated Bank now owns 2,036 shares of the company’s stock valued at $38,000 after buying an additional 563 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Life Time Group by 17.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,769 shares of the company’s stock valued at $199,000 after acquiring an additional 1,866 shares during the period. Assetmark Inc. raised its stake in shares of Life Time Group by 17.5% in the 4th quarter. Assetmark Inc. now owns 14,305 shares of the company’s stock valued at $216,000 after acquiring an additional 2,133 shares during the period. Dnca Finance acquired a new position in shares of Life Time Group in the second quarter valued at approximately $72,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Life Time Group by 35.5% in the second quarter. Daiwa Securities Group Inc. now owns 19,170 shares of the company’s stock valued at $361,000 after purchasing an additional 5,020 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.