Life Time Group Holdings, Inc. (NYSE:LTH) Director Sells $342,440,999.16 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John G. Danhakl sold 11,655,582 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $29.38, for a total transaction of $342,440,999.16. Following the transaction, the director now owns 29,898,037 shares in the company, valued at approximately $878,404,327.06. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Life Time Group Price Performance

LTH stock opened at $28.12 on Friday. The stock has a 50-day simple moving average of $29.91 and a 200-day simple moving average of $28.36. The firm has a market cap of $6.17 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.46 and a current ratio of 0.59. Life Time Group Holdings, Inc. has a 1 year low of $17.75 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.12. The company had revenue of $706.04 million during the quarter, compared to the consensus estimate of $684.06 million. Life Time Group had a net margin of 5.67% and a return on equity of 6.42%. Life Time Group’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LTH. Kapitalo Investimentos Ltda purchased a new stake in Life Time Group during the 4th quarter worth $33,000. Harbour Investments Inc. purchased a new position in Life Time Group in the 1st quarter valued at about $36,000. Sterling Capital Management LLC grew its stake in shares of Life Time Group by 892.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,821 shares in the last quarter. Quarry LP increased its position in shares of Life Time Group by 240.4% during the fourth quarter. Quarry LP now owns 2,335 shares of the company’s stock worth $52,000 after acquiring an additional 1,649 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Life Time Group by 226.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,750 shares of the company’s stock worth $53,000 after acquiring an additional 1,214 shares in the last quarter. 79.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on LTH shares. Bank of America set a $40.00 price objective on shares of Life Time Group and gave the company a “buy” rating in a research note on Monday, March 3rd. Evercore ISI set a $38.00 price target on Life Time Group and gave the company a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada set a $35.00 price objective on Life Time Group and gave the stock a “buy” rating in a report on Thursday, February 27th. Morgan Stanley lifted their price objective on Life Time Group from $33.00 to $34.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft set a $36.00 target price on shares of Life Time Group and gave the stock a “buy” rating in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.92.

About Life Time Group

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.