Life Time Group (NYSE:LTH) Director Sells $157,040,423.54 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 4,991,749 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54. Following the transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This trade represents a 23.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $71,302,173.80.

Life Time Group Stock Up 0.6%

Life Time Group stock opened at $33.80 on Thursday. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The firm has a market capitalization of $7.52 billion, a PE ratio of 19.76, a P/E/G ratio of 1.39 and a beta of 1.50. The company’s 50-day moving average is $27.63 and its 200-day moving average is $27.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

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

Wall Street Analysts Forecast Growth

LTH has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Wells Fargo & Company raised their price objective on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Mizuho lifted their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Guggenheim reiterated a “buy” rating and set a $36.00 target price on shares of Life Time Group in a research report on Friday, January 23rd. Finally, Morgan Stanley increased their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $40.40.

Institutional Trading of Life Time Group

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after buying an additional 721 shares during the last quarter. Wexford Capital LP bought a new position in shares of Life Time Group in the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC lifted 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. Asset Management One Co. Ltd. acquired a new stake in shares of Life Time Group during the 3rd quarter valued at $69,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Life Time Group during the 4th quarter valued at $73,000. Institutional investors and hedge funds 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.