Life Time Group (NYSE:LTH) Director Sells $71,302,173.80 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,493,083 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $28.60, for a total value of $71,302,173.80. Following the completion of the transaction, the director owned 22,412,978 shares of the company’s stock, valued at approximately $641,011,170.80. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Life Time Group Stock Performance

Shares of NYSE LTH traded down $1.49 during midday trading on Thursday, hitting $32.10. 5,467,002 shares of the company’s stock were exchanged, compared to its average volume of 2,867,406. The firm has a market capitalization of $7.12 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50. The company’s 50 day moving average price is $27.15 and its 200 day moving average price is $27.11. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.48. Life Time Group Holdings, Inc. has a 12 month low of $24.14 and a 12 month high of $34.99.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.29% and a net margin of 12.56%.The firm had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same period in the previous year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Trending Headlines about Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Q1 beat and upbeat outlook — Life Time reported stronger-than-expected Q1 results and management commentary that highlighted growth momentum, which kicked off a recent rally. Life Time Group (LTH) Soars 12% on Stellar Earnings, Upbeat Outlook
• Positive Sentiment: Completed major share repurchase — The company announced completion of a previously disclosed large repurchase transaction, reducing float and signaling capital-return priority. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Strategic investor entry and additional repurchase disclosure — Announcements around a $62.71M repurchase program and a strategic investor participation add credibility to the buyback plan. Life Time announces $62.71M share repurchase and strategic investor entry
• Positive Sentiment: Analyst upgrades and higher targets — Mizuho raised its price target to $44 (outperform) and Wells Fargo raised its target to $38 (overweight), providing further support for the stock’s upside case. Analyst coverage/price target updates
• Neutral Sentiment: Strategic small acquisition — Life Time acquired the Phoenix 10K race, expanding its events/running portfolio; a niche brand tuck-in that supports community engagement but is unlikely to move near-term earnings materially. Life Time Expands Running Portfolio with Acquisition of the Phoenix 10K
• Neutral Sentiment: Ongoing analyst interest — Several outlets featured LTH among consumer-cyclical picks, which helps visibility but may already be priced in after recent upgrades. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Profit-taking, high volume and liquidity metrics — The stock is pulling back on above-average volume after the post-earnings run; shorter-term technical resistance and limited short-term liquidity (quick ratio ~0.52, current ratio ~0.63) may amplify intraday weakness.

Institutional Trading of Life Time Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Life Time Group by 140.4% during the 1st quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after purchasing an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $2,140,000 after purchasing an additional 14,267 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after acquiring an additional 1,428,446 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Life Time Group during the first quarter valued at approximately $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Life Time Group by 47.7% during the first 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 in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LTH shares. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. KeyCorp assumed coverage on Life Time Group in a report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price objective on shares of Life Time Group in a research note on Wednesday. Guggenheim restated 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, Mizuho upped 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Life Time Group has a consensus rating of “Buy” and an average price target of $40.40.

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.