Life Time Group (NYSE:LTH) Director Stuart Lasher Sells 50,000 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) Director Stuart Lasher sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $32.42, for a total transaction of $1,621,000.00. Following the transaction, the director directly owned 71,058 shares of the company’s stock, valued at $2,303,700.36. The trade was a 41.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Life Time Group Stock Performance

Shares of LTH traded down $0.34 during mid-day trading on Friday, hitting $31.85. 8,677,660 shares of the company traded hands, compared to its average volume of 2,933,612. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.53. The stock has a 50-day moving average price of $27.15 and a two-hundred day moving average price of $27.11. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $33.95. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.42 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS 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 analysts’ expectations of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.Life Time Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Life Time Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,500,274 shares of the company’s stock worth $372,608,000 after buying an additional 374,833 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Life Time Group in the 3rd quarter worth approximately $8,280,000. ABN Amro Investment Solutions bought a new position in shares of Life Time Group during the third quarter valued at approximately $2,535,000. TD Asset Management Inc raised its holdings in shares of Life Time Group by 158.1% in the third quarter. TD Asset Management Inc now owns 76,436 shares of the company’s stock worth $2,110,000 after buying an additional 46,822 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Life Time Group in the third quarter worth about $3,472,000. 79.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on LTH. Jefferies Financial Group restated a “buy” rating and issued a $41.00 price target on shares of Life Time Group in a research report on Tuesday. Morgan Stanley upped their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. UBS Group restated a “buy” rating and issued a $43.00 price target on shares of Life Time Group in a research report on Thursday, March 12th. KeyCorp started coverage on Life Time Group in a research report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price target for the company. Finally, Zacks Research raised shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Life Time Group currently has an average rating of “Buy” and an average price target of $40.40.

Key Stories Impacting Life Time Group

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

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.