Life Time Group (NYSE:LTH) Director Sells $97,728,311.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTHGet Free Report) Director John Danhakl sold 3,006,100 shares of Life Time Group stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total value of $97,728,311.00. Following the completion of the transaction, the director owned 13,236,283 shares in the company, valued at $430,311,560.33. The trade was a 18.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Life Time Group Trading Up 3.6%

Life Time Group stock traded up $1.17 during midday trading on Tuesday, reaching $33.24. The stock had a trading volume of 3,666,514 shares, compared to its average volume of 3,709,245. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $35.33. The stock has a market capitalization of $7.40 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The stock’s 50-day simple moving average is $28.84 and its 200 day simple moving average is $27.79.

Life Time Group (NYSE:LTHGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $788.70 million for the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in Life Time Group by 49.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after purchasing an additional 587 shares during the period. California State Teachers Retirement System increased its position in shares of Life Time Group by 24.9% during the first quarter. California State Teachers Retirement System now owns 168,879 shares of the company’s stock worth $4,550,000 after acquiring an additional 33,661 shares during the last quarter. Royal Bank of Canada increased its position in shares of Life Time Group by 3.9% during the first quarter. Royal Bank of Canada now owns 72,729 shares of the company’s stock worth $1,959,000 after acquiring an additional 2,700 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Life Time Group by 38.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after acquiring an additional 487,478 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Life Time Group by 455.2% during the first quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock worth $2,050,000 after acquiring an additional 62,393 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on LTH. Jefferies Financial Group reissued a “buy” rating and issued a $41.00 price objective on shares of Life Time Group in a research report on Tuesday, May 5th. UBS Group reissued a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a research report on Thursday, March 12th. Mizuho raised their price objective on Life Time Group from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Zacks Research raised Life Time Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Morgan Stanley raised their price objective on Life Time Group from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Life Time Group has an average rating of “Buy” and a consensus target price of $40.00.

Get Our Latest Stock Analysis on Life Time Group

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.

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

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