Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) major shareholder Partners Group Private Equity sold 329,921 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $28.60, for a total value of $9,435,740.60. Following the completion of the sale, the insider owned 1,651,322 shares in the company, valued at $47,227,809.20. This represents a 16.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% 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 Thursday, May 21st, Partners Group Private Equity sold 449,960 shares of Life Time Group stock. The shares were sold at an average price of $32.51, for a total value of $14,628,199.60.
- 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
LTH stock opened at $32.34 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7.20 billion, a PE ratio of 18.91, a P/E/G ratio of 1.36 and a beta of 1.55. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $35.33. The business’s fifty day moving average price is $29.86 and its 200 day moving average price is $28.16.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Morgan Stanley upped their price target on Life Time Group from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Royal Bank Of Canada upped their price target on Life Time Group from $38.00 to $43.00 and gave the stock an “outperform” rating in a report on Tuesday. KeyCorp assumed coverage on Life Time Group in a report on Thursday, March 12th. They set an “overweight” rating and a $40.00 price target on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $37.00 price target on shares of Life Time Group in a report on Wednesday, May 6th. Finally, 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 report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.30.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after acquiring an additional 587 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Life Time Group by 24.9% during the 1st 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 in the last quarter. Royal Bank of Canada boosted its position in shares of Life Time Group by 3.9% during the 1st 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Life Time Group by 38.7% during the 1st 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 in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Life Time Group by 455.2% during the 1st 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 in the last quarter. 79.40% of the stock is owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Life Time Group
- MarketBeat Week in Review – 06/01 – 06/05
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
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.
