Life Time Group Target of Unusually Large Options Trading (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH) was the recipient of some unusual options trading activity on Thursday. Investors acquired 6,790 call options on the stock. This is an increase of approximately 1,483% compared to the typical volume of 429 call options.

Insider Buying and Selling at Life Time Group

In other news, major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $23,506,219.88. Following the completion of the sale, the insider directly owned 2,431,203 shares in the company, valued at $76,485,646.38. The trade was a 23.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Kristofer Galashan sold 4,991,749 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the transaction, the director directly owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This represents a 23.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,876,110 shares of company stock worth $854,609,979. Corporate insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Life Time Group by 140.4% during the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock worth $1,642,000 after acquiring an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Life Time Group by 25.2% in the 1st 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 holdings in shares of Life Time Group by 143.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock worth $73,154,000 after purchasing an additional 1,428,446 shares during the period. Caxton Associates LLP purchased a new stake in shares of Life Time Group during the 1st quarter worth about $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% during 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 worth $6,018,000 after purchasing an additional 64,348 shares in the last quarter. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on LTH shares. Wells Fargo & Company lifted their target price on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Guggenheim raised their price objective on Life Time Group from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Northland Securities lifted their price objective on Life Time Group from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 target price on shares of Life Time Group in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 target price on shares of Life Time Group in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Life Time Group has an average rating of “Moderate Buy” and an average target price of $43.09.

Life Time Group Trading Up 2.7%

LTH stock traded up $1.06 on Thursday, hitting $39.94. 823,750 shares of the company were exchanged, compared to its average volume of 2,878,642. 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 stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.56 and a beta of 1.55. Life Time Group has a twelve month low of $24.14 and a twelve month high of $40.63. The business’s fifty day moving average is $31.98 and its two-hundred day moving average is $28.99.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results 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. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same quarter last year, the business earned $0.39 EPS. Life Time Group’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts forecast that Life Time Group will post 1.48 earnings per share for the current year.

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.