Insider Selling: Life Time Group (NYSE:LTH) Major Shareholder Sells $23,506,219.88 in Stock

Life Time Group Holdings, Inc. (NYSE:LTHGet Free Report) major shareholder Partners Group Private Equity sold 747,178 shares of Life Time Group stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $23,506,219.88. Following the completion of the transaction, the insider directly owned 2,431,203 shares of the company’s stock, valued at approximately $76,485,646.38. This represents a 23.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • 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 transaction of $15,504,603.40.

Life Time Group Stock Performance

LTH opened at $33.80 on Thursday. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $34.08. The business has a fifty day simple moving average of $27.63 and a 200-day simple moving average of $27.31. The firm has a market cap of $7.52 billion, a PE ratio of 19.76, a P/E/G ratio of 1.39 and a beta of 1.50. 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:LTHGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter last year, the firm posted $0.39 earnings per share. Life Time Group’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. KeyCorp assumed 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. Northland Securities set a $42.00 target price on Life Time Group in a report on Friday, January 23rd. Wells Fargo & Company upped their price target on Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a research note on Wednesday, May 6th. 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 data from MarketBeat, Life Time Group currently has a consensus rating of “Buy” and an average price target of $40.40.

Read Our Latest Stock Report on LTH

Institutional Trading of Life Time Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Militia Capital Management LLC bought a new position in shares of Life Time Group during the first quarter valued at $4,340,000. First Trust Advisors LP grew its holdings in shares of Life Time Group by 151.6% in the 1st quarter. First Trust Advisors LP now owns 184,391 shares of the company’s stock worth $4,967,000 after purchasing an additional 111,104 shares during the last quarter. Phillip James Consulting Co. bought a new position in Life Time Group during the 1st quarter valued at about $91,000. PNC Financial Services Group Inc. boosted its position in Life Time Group by 244.9% in the first quarter. PNC Financial Services Group Inc. now owns 35,492 shares of the company’s stock valued at $956,000 after buying an additional 25,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Life Time Group by 15.2% during the first quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after buying an additional 1,068,208 shares during the last quarter. Institutional investors own 79.40% of the company’s stock.

About Life Time Group

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Life Time Group (NYSE:LTH)

Receive News & Ratings for Life Time Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Time Group and related companies with MarketBeat.com's FREE daily email newsletter.