Insider Selling: Life Time Group (NYSE:LTH) Director Sells $71,302,173.80 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 2,493,083 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $28.60, for a total transaction of $71,302,173.80. Following the sale, the director directly owned 22,412,978 shares of the company’s stock, valued at $641,011,170.80. The trade was a 10.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Life Time Group Trading Down 1.1%

NYSE:LTH opened at $31.85 on Friday. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $33.95. The firm has a 50 day moving average of $27.15 and a 200 day moving average of $27.11. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The stock has a market capitalization 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 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Life Time Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LTH has been the topic of a number of recent analyst reports. Mizuho upped their price target on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company upped their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research note on Wednesday. Finally, Guggenheim restated a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Two investment 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, Life Time Group has a consensus rating of “Buy” and a consensus price target of $40.40.

Life Time Group News Roundup

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

Institutional Trading of Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTH. Royal Bank of Canada grew its position in Life Time Group by 140.4% during the first quarter. Royal Bank of Canada now owns 54,380 shares of the company’s stock valued at $1,642,000 after buying an additional 31,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Life Time Group by 25.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company’s stock valued at $2,140,000 after buying an additional 14,267 shares during the period. Goldman Sachs Group Inc. grew its position in Life Time Group by 143.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares during the period. Caxton Associates LLP acquired a new stake in Life Time Group during the first quarter valued at $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock valued at $6,018,000 after buying an additional 64,348 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

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.