John Kristofer Galashan Sells 2,879,154 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,879,154 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total value of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares in the company, valued at $132,689,910. This represents a 48.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, August 10th, John Kristofer Galashan sold 5,119,099 shares of Life Time Group stock. The shares were sold at an average price of $43.16, for a total transaction of $220,940,312.84.
• On Thursday, June 4th, John Kristofer Galashan sold 2,208,580 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00.

Life Time Group Stock Performance

Shares of LTH opened at $43.58 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $47.24. The company’s fifty day moving average is $42.85 and its 200-day moving average is $34.14. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.57 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted its earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The firm had revenue of $866.00 million for the quarter, compared to the consensus estimate of $845.75 million. During the same period in the prior year, the business posted $0.37 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis. Equities analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current fiscal year.

Institutional Trading of Life Time Group

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its position in shares of Life Time Group by 3,933.8% during the second quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company’s stock valued at $278,210,000 after purchasing an additional 6,643,315 shares during the period. Wellington Management Group LLP lifted its position in Life Time Group by 129.3% in the third quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after purchasing an additional 3,286,229 shares during the period. Bank of America Corp DE lifted its position in Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares during the period. Ameriprise Financial Inc. lifted its position in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares during the period. Finally, Norges Bank acquired a new stake in Life Time Group during the fourth quarter worth $49,228,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LTH. Royal Bank Of Canada boosted their target price on Life Time Group from $50.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group increased their price target on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $54.00 price target on shares of Life Time Group in a research report on Friday, July 31st. Wells Fargo & Company raised their target price on shares of Life Time Group from $46.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, The Goldman Sachs Group assumed coverage on Life Time Group in a research note on Monday, August 3rd. They issued a “buy” rating and a $53.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $54.85.

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.