John Kristofer Galashan Sells 3,006,100 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 3,006,100 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total transaction of $97,728,311.00. Following the transaction, the director owned 13,236,283 shares in the company, valued at approximately $430,311,560.33. This represents a 18.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Kristofer Galashan also recently made the following trade(s):

• On Thursday, May 7th, John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54.
• On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total transaction of $71,302,173.80.

Life Time Group Stock Up 3.6%

Shares of Life Time Group stock traded up $1.17 on Tuesday, hitting $33.24. 3,666,514 shares of the company traded hands, compared to its average volume of 3,709,245. The company has a 50-day moving average price of $28.84 and a 200 day moving average price of $27.79. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The company has a market cap of $7.40 billion, a PE ratio of 19.44, a PEG ratio of 1.34 and a beta of 1.50.

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

Analysts Set New Price Targets

LTH has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. KeyCorp began 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. Finally, Mizuho upped their price objective on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $40.00.

Institutional Investors Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of LTH. Wellington Management Group LLP boosted its holdings in Life Time Group by 129.3% in the third quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company’s stock worth $160,868,000 after purchasing an additional 3,286,229 shares in the last quarter. Bank of America Corp DE boosted its holdings in Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company’s stock worth $117,797,000 after purchasing an additional 2,156,033 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. Norges Bank acquired a new position in Life Time Group during the 4th quarter worth $49,228,000. Finally, Balyasny Asset Management L.P. lifted its position in Life Time Group by 2,328.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock worth $56,175,000 after acquiring an additional 1,775,837 shares during the last quarter. 79.40% of the stock is currently owned by institutional investors.

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.