Life Time Group (NYSE:LTH) Major Shareholder Sells $9,435,740.60 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 329,921 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $28.60, for a total transaction of $9,435,740.60. Following the completion of the sale, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. The trade was a 16.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Partners Group Private Equity also recently made the following trade(s):

• On Thursday, May 21st, Partners Group Private Equity sold 449,960 shares of Life Time Group stock. The stock was sold at an average price of $32.51, for a total transaction of $14,628,199.60.
• On Thursday, May 7th, Partners Group Private Equity sold 747,178 shares of Life Time Group stock. The stock was sold at an average price of $31.46, for a total transaction of $23,506,219.88.
• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $15,504,603.40.

Life Time Group Stock Performance

Shares of NYSE:LTH traded down $0.21 during midday trading on Friday, reaching $32.34. The company’s stock had a trading volume of 1,568,479 shares, compared to its average volume of 2,907,432. The firm has a market capitalization of $7.20 billion, a PE ratio of 18.91, a P/E/G ratio of 1.32 and a beta of 1.55. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $29.74 and a 200 day moving average of $28.13. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $35.33.

Life Time Group (NYSE:LTH) last released its quarterly 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. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. On average, equities analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LTH has been the topic of several analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research report on Wednesday, May 6th. Morgan Stanley raised their price target on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Royal Bank Of Canada raised their price target on shares of Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a research report on Tuesday. KeyCorp initiated coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.30.

Hedge Funds Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Life Time Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock valued at $362,651,000 after purchasing an additional 143,487 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock valued at $217,929,000 after purchasing an additional 1,068,208 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Life Time Group by 41.3% during the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Life Time Group by 0.6% during the fourth quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock valued at $155,852,000 after purchasing an additional 34,964 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Life Time Group by 102.1% during the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock valued at $117,797,000 after purchasing an additional 2,156,033 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

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.