Life Time Group (NYSE:LTH) Director John Kristofer Galashan Sells 2,208,580 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,208,580 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $63,165,388.00. Following the transaction, the director directly owned 11,027,703 shares in the company, valued at $315,392,305.80. This represents a 16.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were sold at an average price of $32.51, for a total value 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 value 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 value of $71,302,173.80.

Life Time Group Stock Down 0.7%

Shares of NYSE LTH opened at $32.34 on Friday. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $35.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42. The business’s fifty day moving average price is $29.86 and its 200-day moving average price is $28.16. The stock has a market capitalization of $7.20 billion, a PE ratio of 18.91, a P/E/G ratio of 1.36 and a beta of 1.55.

Life Time Group (NYSE:LTH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $787.65 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Life Time Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 13,643,761 shares of the company’s stock worth $362,651,000 after purchasing an additional 143,487 shares during the period. Dimensional Fund Advisors LP boosted its stake in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after purchasing an additional 1,068,208 shares during the period. Ameriprise Financial Inc. boosted its stake in Life Time Group by 41.3% in the 2nd 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. Wellington Management Group LLP boosted its stake in Life Time Group by 0.6% in the 4th quarter. Wellington Management Group LLP now owns 5,863,510 shares of the company’s stock worth $155,852,000 after purchasing an additional 34,964 shares during the period. Finally, Bank of America Corp DE boosted its stake in Life Time Group by 102.1% in the 3rd 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. Institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LTH has been the topic of a number of recent research reports. Morgan Stanley upped their price target on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Wells Fargo & Company upped their price target on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $41.00 price target on shares of Life Time Group in a research report on Tuesday, May 5th. Mizuho increased their price objective on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group currently has a consensus rating of “Moderate Buy” and an average price target of $40.30.

Life Time Group Company Profile

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.