Life Time Group (NYSE:LTH) Major Shareholder Sells $15,504,603.40 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 542,119 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $28.60, for a total transaction of $15,504,603.40. Following the completion of the sale, the insider directly owned 3,178,381 shares in the company, valued at $90,901,696.60. This trade represents a 14.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Life Time Group Stock Down 1.1%

LTH opened at $31.85 on Friday. The firm’s 50-day simple moving average is $27.15 and its 200-day simple moving average is $27.11. 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 Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $33.95. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.32 and a beta of 1.50.

Life Time Group (NYSE:LTH) last posted its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping 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 analyst estimates of $787.65 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds have recently added to or reduced their stakes in LTH. GAMMA Investing LLC grew its holdings in Life Time Group by 144.5% during the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the last quarter. Wexford Capital LP bought a new stake in Life Time Group during the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC grew its holdings in Life Time Group by 201.6% during 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 during the last quarter. Asset Management One Co. Ltd. bought a new stake in Life Time Group during the 3rd quarter worth about $69,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Life Time Group during the 4th quarter worth about $73,000. Institutional investors own 79.40% of the company’s stock.

Key Life Time Group News

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LTH shares. UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Life Time Group in a report on Thursday, January 22nd. Guggenheim reaffirmed a “buy” rating and issued a $36.00 target price on shares of Life Time Group in a report on Friday, January 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a report on Wednesday. Finally, Mizuho upped their target price on shares of Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Life Time Group has a consensus rating of “Buy” and an average target price of $40.40.

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.