Insider Selling: Life Time Group (NYSE:LTH) Director Sells $63,165,388.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,208,580 shares of the firm’s stock in a transaction dated 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 owned 11,027,703 shares of the company’s stock, valued at approximately $315,392,305.80. The trade was a 16.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Life Time Group Stock Down 0.2%

Shares of NYSE LTH opened at $32.34 on Monday. The company has a market cap of $7.20 billion, a P/E ratio of 18.91, a PEG ratio of 1.35 and a beta of 1.55. The firm has a 50-day simple moving average of $29.86 and a two-hundred day simple moving average of $28.19. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 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.

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 analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million during 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 for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LTH shares. Jefferies Financial Group restated a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a research note on Tuesday, May 5th. KeyCorp assumed 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 for the company. Wells Fargo & Company raised their price target 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. Morgan Stanley lifted their price objective on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Finally, 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, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.30.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LTH. GAMMA Investing LLC boosted its stake in shares of Life Time Group by 144.5% in 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 purchased a new position in Life Time Group during the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC lifted its holdings in Life Time Group by 201.6% in the second 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 period. Kemnay Advisory Services Inc. purchased a new stake in Life Time Group in the 4th quarter worth approximately $73,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after purchasing an additional 1,225 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.