Insider Selling: Life Time Group (NYSE:LTH) Major Shareholder Sells $14,628,199.60 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 449,960 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total value of $14,628,199.60. Following the transaction, the insider owned 1,981,243 shares in the company, valued at approximately $64,410,209.93. This trade represents a 18.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 Trading Up 1.2%

Shares of Life Time Group stock opened at $33.48 on Friday. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $35.33. The firm has a market cap of $7.45 billion, a PE ratio of 19.58, a P/E/G ratio of 1.38 and a beta of 1.50. The stock has a fifty day moving average price of $29.12 and a 200-day moving average price of $27.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.42.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $788.70 million during the quarter, compared to analyst estimates of $787.65 million. During the same period last year, the firm posted $0.39 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho raised their target price 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. KeyCorp assumed coverage on Life Time Group in a research report on Thursday, March 12th. They set an “overweight” rating and a $40.00 target price for the company. Wells Fargo & Company raised their target price on Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Jefferies Financial Group reissued a “buy” rating and issued a $41.00 price objective on shares of Life Time Group in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $37.00 price objective on shares of Life Time Group in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Life Time Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Institutional Investors Weigh In On Life Time Group

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock worth $32,000 after acquiring an additional 721 shares during the last quarter. Wexford Capital LP purchased a new stake in Life Time Group in the 3rd quarter worth about $40,000. EverSource Wealth Advisors LLC increased its holdings in Life Time Group by 201.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock worth $45,000 after acquiring an additional 1,002 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Life Time Group in the 4th quarter worth about $73,000. Finally, Nisa Investment Advisors LLC grew its holdings in Life Time Group by 74.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after buying an additional 1,225 shares in the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

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.