John Danhakl Sells 4,991,749 Shares of Life Time Group (NYSE:LTH) Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 4,991,749 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the sale, the director owned 16,242,383 shares of the company’s stock, valued at approximately $510,985,369.18. This trade represents a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Life Time Group Stock Performance

Shares of NYSE LTH traded up $0.44 during midday trading on Monday, reaching $32.37. The company’s stock had a trading volume of 4,013,250 shares, compared to its average volume of 3,021,881. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $33.95. The firm has a 50 day moving average price of $27.35 and a 200-day moving average price of $27.20. The stock has a market capitalization of $7.20 billion, a P/E ratio of 18.93, a PEG ratio of 1.32 and a beta of 1.50. 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 issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to the consensus estimate of $787.65 million. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.Life Time Group’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. As a group, equities analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LTH. 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. Jefferies Financial Group restated a “buy” rating and set a $41.00 price target on shares of Life Time Group in a research report on Tuesday, May 5th. Wells Fargo & Company raised their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Life Time Group presently has a consensus rating of “Buy” and a consensus target price of $40.40.

Institutional Trading of Life Time Group

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Life Time Group by 244.9% during the 1st 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 during the last quarter. Dimensional Fund Advisors LP increased its holdings in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company’s stock worth $217,929,000 after acquiring an additional 1,068,208 shares during the last quarter. Swiss National Bank raised its stake in Life Time Group by 0.6% in the 1st quarter. Swiss National Bank now owns 283,700 shares of the company’s stock valued at $7,643,000 after acquiring an additional 1,800 shares during the period. Bank of New York Mellon Corp raised its stake in Life Time Group by 79.0% in the 1st quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company’s stock valued at $23,236,000 after acquiring an additional 380,610 shares during the period. Finally, Maryland State Retirement & Pension System purchased a new stake in Life Time Group during the first quarter valued at about $596,000. 79.40% of the stock is currently owned by institutional investors.

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.