Insider Selling: Life Time Group (NYSE:LTH) Major Shareholder Sells 449,960 Shares of Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 449,960 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total value of $14,628,199.60. Following the completion of the sale, the insider owned 1,981,243 shares of the company’s stock, valued at $64,410,209.93. This trade 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 accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Partners Group Private Equity also recently made the following trade(s):

• On Thursday, May 7th, Partners Group Private Equity sold 747,178 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total value of $23,506,219.88.
• On Tuesday, May 5th, Partners Group Private Equity sold 542,119 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total value of $15,504,603.40.

Life Time Group Price Performance

Shares of Life Time Group stock traded up $1.17 on Tuesday, reaching $33.24. The company’s stock had a trading volume of 3,666,514 shares, compared to its average volume of 3,709,245. The company has a market capitalization of $7.40 billion, a P/E ratio of 19.44, a PEG ratio of 1.34 and a beta of 1.50. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $35.33. The stock 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 (NYSE:LTH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group reiterated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a research report on Wednesday, May 6th. Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price target on shares of Life Time Group in a research report on Tuesday, May 5th. Finally, Mizuho boosted their price target on Life Time Group from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $40.00.

Hedge Funds Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTH. Royal Bank of Canada boosted its stake 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 worth $1,642,000 after buying an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $2,140,000 after buying an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake 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 worth $73,154,000 after buying an additional 1,428,446 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Life Time Group in the 1st quarter valued at $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Life Time Group by 47.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company’s stock worth $6,018,000 after purchasing 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.