Insider Selling: Life Time Group (NYSE:LTH) Director Sells $63,165,388.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,208,580 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the completion of the sale, the director directly 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 hyperlink.

John Kristofer Galashan also recently made the following trade(s):

• On Thursday, May 21st, John Kristofer Galashan sold 3,006,100 shares of Life Time Group stock. The stock was sold at an average price of $32.51, for a total transaction of $97,728,311.00.
• On Thursday, May 7th, John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54.
• On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total transaction of $71,302,173.80.

Life Time Group Price Performance

Life Time Group stock opened at $32.34 on Monday. The stock has a market cap of $7.20 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.35 and a beta of 1.55. The company has a fifty day simple moving average of $29.86 and a 200-day simple moving average of $28.19. 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 current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The firm had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Life Time Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LTH shares. KeyCorp started coverage on 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. Zacks Research downgraded Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Mizuho increased their price target on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on shares of Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company upped their target price on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.30.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in Life Time Group by 4.0% in the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after buying an additional 420 shares during the last quarter. Harbour Investments Inc. raised its position in Life Time Group by 8.8% in 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 during the last quarter. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 587 shares during the period. Strs Ohio grew its position in Life Time Group by 10.0% during the 4th quarter. Strs Ohio now owns 6,600 shares of the company’s stock worth $175,000 after purchasing an additional 600 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in Life Time Group by 19.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock valued at $117,000 after purchasing an additional 693 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Life Time Group

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.