Life Time Group (NYSE:LTH) Director John Danhakl Sells 2,208,580 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,208,580 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the transaction, the director owned 11,027,703 shares in the company, valued at approximately $315,392,305.80. This trade represents a 16.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Life Time Group Stock Down 0.7%

Shares of NYSE LTH opened at $32.34 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.36 and a beta of 1.55. The firm’s 50-day simple moving average is $29.86 and its 200 day simple moving average is $28.16.

Life Time Group (NYSE:LTH) last released its earnings results 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 net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a research report on Wednesday, May 6th. 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 target price 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 research report on Tuesday, May 5th. Zacks Research downgraded shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Mizuho upped their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.30.

Institutional Trading of Life Time Group

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the last quarter. Wexford Capital LP bought a new stake in shares of Life Time Group in the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC increased its stake in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after acquiring an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the 4th quarter valued at about $73,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of Life Time Group by 74.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after acquiring an additional 1,225 shares during the last quarter. 79.40% of the stock is owned by institutional investors.

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.