Life Time Group (NYSE:LTH) Director John Danhakl Sells 2,879,154 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl 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 transaction, the director directly owned 3,029,450 shares in the company, valued at approximately $132,689,910. This represents a 48.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Life Time Group Stock Performance

Shares of NYSE LTH traded down $0.77 during trading on Friday, reaching $43.58. The stock had a trading volume of 2,810,325 shares, compared to its average volume of 2,985,166. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66. The stock has a market cap of $9.74 billion, a PE ratio of 23.68, a P/E/G ratio of 1.60 and a beta of 1.50. Life Time Group Holdings, Inc. has a one year low of $24.14 and a one year high of $47.24. The firm’s 50 day moving average price is $42.85 and its two-hundred day moving average price is $34.14.

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

Institutional Trading of Life Time Group

Several hedge funds have recently bought and sold shares of LTH. Royal Bank of Canada grew its position in Life Time Group by 140.4% in the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after purchasing an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock worth $2,140,000 after buying an additional 14,267 shares during the period. Goldman Sachs Group Inc. grew its holdings in Life Time Group by 143.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after buying an additional 1,428,446 shares in the last quarter. Caxton Associates LLP bought a new position in Life Time Group in the 1st quarter worth approximately $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Life Time Group by 47.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after acquiring an additional 64,348 shares during the period. 79.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LTH shares. Jefferies Financial Group lifted their price target on shares of Life Time Group from $41.00 to $51.00 and gave the company a “buy” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $54.00 target price on shares of Life Time Group in a report on Friday, July 31st. UBS Group lifted their target price on Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, KeyCorp increased their price target on Life Time Group from $40.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.