Life Time Group (NYSE:LTH) EVP Sells $6,154,788.34 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) EVP Eric Buss sold 192,217 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $32.02, for a total transaction of $6,154,788.34. Following the sale, the executive vice president directly owned 474,008 shares in the company, valued at approximately $15,177,736.16. The trade was a 28.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Life Time Group Stock Down 0.3%

LTH opened at $31.85 on Monday. 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. The firm has a 50 day moving average price of $27.15 and a 200-day moving average price of $27.11. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $33.95. 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 (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. Equities research analysts forecast that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LTH shares. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. Mizuho upped their target price on shares of Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. KeyCorp started coverage on shares of Life Time Group in a research report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price target on the stock. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price target on shares of Life Time Group in a research note on Tuesday, May 5th. Finally, Northland Securities set a $42.00 price objective on shares of Life Time Group in a research report on Friday, January 23rd. Two research 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. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $40.40.

Trending Headlines about 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

Institutional Investors Weigh In On Life Time Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP bought a new stake in shares of Life Time Group during the 3rd quarter valued at $40,000. EverSource Wealth Advisors LLC raised its position in shares of Life Time Group by 201.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares during the period. Asset Management One Co. Ltd. purchased a new position in shares of Life Time Group during the 3rd quarter valued at $69,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Life Time Group during the 4th quarter valued at $73,000. 79.40% of the stock is owned by hedge funds and other 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.