John Danhakl Sells 2,208,580 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 2,208,580 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00. Following the completion of the sale, the director directly owned 11,027,703 shares in the company, valued at approximately $315,392,305.80. This trade represents a 16.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Life Time Group Stock Down 0.7%

NYSE:LTH traded down $0.21 during mid-day trading on Friday, hitting $32.34. The stock had a trading volume of 1,568,479 shares, compared to its average volume of 2,907,432. The stock has a 50-day simple moving average of $29.74 and a two-hundred day simple moving average of $28.13. The company has a market capitalization of $7.20 billion, a PE ratio of 18.91, a PEG ratio of 1.32 and a beta of 1.55. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $35.33. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46.

Life Time Group (NYSE:LTH) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $788.70 million for the quarter, compared to analyst estimates 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 revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently bought and sold shares of LTH. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 721 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Life Time Group during the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC grew its holdings 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 worth $45,000 after purchasing an additional 1,002 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Life Time Group during the 4th quarter worth about $73,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock worth $76,000 after purchasing an additional 1,225 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LTH. The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 price target on shares of Life Time Group in a research note on Wednesday, May 6th. Morgan Stanley raised their target price on shares of Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Life Time Group in a research report on Tuesday, May 5th. UBS Group restated a “buy” rating and set a $43.00 target price on shares of Life Time Group in a research report on Thursday, March 12th. Finally, KeyCorp initiated coverage on shares of Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

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.