Life Time Group (NYSE:LTH) Director John Danhakl Sells 2,879,154 Shares

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,879,154 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the transaction, the director directly owned 3,029,450 shares of the company’s stock, valued at $132,689,910. This represents a 48.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Life Time Group Stock Down 1.7%

LTH stock opened at $43.58 on Friday. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24. The company has a market cap of $9.74 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. The business’s 50-day simple moving average is $42.85 and its 200 day simple moving average is $34.14. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The firm had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $845.75 million. During the same quarter in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, research analysts anticipate that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current year.

Hedge Funds Weigh In On Life Time Group

Several institutional investors have recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in Life Time Group during the second quarter worth about $47,000. Wexford Capital LP bought a new position in shares of Life Time Group in the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company’s stock worth $74,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Life Time Group during the 4th quarter worth approximately $73,000. 79.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LTH shares. Wells Fargo & Company lifted their price target on shares of Life Time Group from $46.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group increased their price objective on shares of Life Time Group from $43.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Morgan Stanley lifted their target price on shares of Life Time Group from $39.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Northland Securities set a $57.00 price target on shares of Life Time Group in a research note on Friday, July 31st. Finally, KeyCorp upped their price objective on Life Time Group from $40.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $54.85.

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.