Insider Selling: Life Time Group (NYSE:LTH) Director Sells $97,728,311.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 3,006,100 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $32.51, for a total value of $97,728,311.00. Following the sale, the director owned 13,236,283 shares of the company’s stock, valued at $430,311,560.33. This trade represents a 18.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Life Time Group Trading Up 1.2%

Shares of Life Time Group stock opened at $33.48 on Friday. The stock has a fifty day simple moving average of $29.12 and a 200 day simple moving average of $27.90. 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 capitalization of $7.45 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.50. 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 announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $788.70 million during the quarter, compared to the consensus estimate 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 was up 11.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LTH has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, May 14th. Mizuho upped their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. KeyCorp initiated coverage on Life Time Group in a research note on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Wells Fargo & Company upped their price objective on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $41.00 price objective on shares of Life Time Group in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LTH. Kestra Advisory Services LLC lifted its holdings 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 worth $291,000 after purchasing an additional 420 shares in the last quarter. Harbour Investments Inc. lifted its holdings 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 purchasing an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. Strs Ohio lifted its holdings 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 in the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Life Time Group by 19.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock worth $117,000 after purchasing an additional 693 shares in the last quarter. 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.