Insider Selling: Life Time Group (NYSE:LTH) EVP Sells 192,217 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Eric Buss sold 192,217 shares of Life Time Group stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $32.02, for a total transaction of $6,154,788.34. Following the completion of the sale, the executive vice president owned 474,008 shares in the company, valued at approximately $15,177,736.16. This represents a 28.85% decrease in their ownership of the stock. The sale 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 $0.34 during trading hours on Friday, hitting $31.85. The stock had a trading volume of 8,677,660 shares, compared to its average volume of 2,933,612. The stock’s fifty day simple moving average is $27.15 and its 200 day simple moving average is $27.11. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $33.95. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.42 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.53.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Life Time Group News Summary

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

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Wall Street Analysts Forecast Growth

LTH has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. KeyCorp started coverage on shares of Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Northland Securities set a $42.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Finally, Wells Fargo & Company upped their target price on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $40.40.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. BlueCrest Capital Management Ltd acquired a new stake in Life Time Group during the third quarter valued at $8,280,000. Vanguard Group Inc. raised its stake in shares of Life Time Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock worth $372,608,000 after purchasing an additional 374,833 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in shares of Life Time Group during the 3rd quarter valued at about $2,535,000. TD Asset Management Inc lifted its stake in Life Time Group by 158.1% in the third quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock valued at $2,110,000 after acquiring an additional 46,822 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Life Time Group by 9.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,959,990 shares of the company’s stock valued at $164,504,000 after purchasing an additional 537,121 shares during the period. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.