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

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Kristofer Galashan sold 4,991,749 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Kristofer Galashan also recently made the following trade(s):

• On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $71,302,173.80.

Life Time Group Stock Performance

Shares of LTH stock opened at $33.60 on Wednesday. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $34.08. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $27.48 and a 200-day moving average of $27.25.

Life Time Group (NYSE:LTH) last issued its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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%.The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LTH shares. The Goldman Sachs Group restated a “neutral” rating and issued a $37.00 target price on shares of Life Time Group in a research note on Wednesday, May 6th. 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 note on Thursday, May 7th. Guggenheim reissued a “buy” rating and issued a $36.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Wells Fargo & Company lifted their price target on shares of Life Time Group from $37.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Northland Securities set a $42.00 price target on shares of Life Time Group in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $40.40.

Hedge Funds Weigh In On Life Time Group

A number of hedge funds and other institutional investors have recently modified their holdings of LTH. Kestra Advisory Services LLC lifted its holdings in Life Time Group by 4.0% during the fourth quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company’s stock valued at $291,000 after purchasing an additional 420 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Life Time Group by 8.8% during the fourth quarter. Harbour Investments Inc. now owns 6,387 shares of the company’s stock valued at $170,000 after purchasing an additional 516 shares during the last quarter. Strs Ohio lifted its holdings in Life Time Group by 10.0% during the fourth quarter. Strs Ohio now owns 6,600 shares of the company’s stock valued at $175,000 after purchasing an additional 600 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Life Time Group by 19.6% during the third quarter. SBI Securities Co. Ltd. now owns 4,222 shares of the company’s stock valued at $117,000 after purchasing an additional 693 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Life Time Group by 13.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Trending Headlines about Life Time Group

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time Group recently reported better-than-expected quarterly results, with EPS of $0.42 beating estimates of $0.39 and revenue rising 11.7% year over year to $788.7 million, reinforcing the company’s growth and profitability story.
• Neutral Sentiment: The shares have been trading near their 52-week high, suggesting investors are pricing in strong momentum, though this also leaves less room for near-term upside if sentiment cools.
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 747,178 shares, a 23.5% reduction in its stake, which can be read as a sign of reduced conviction or portfolio rebalancing.
• Negative Sentiment: Director John G. Danhakl and EVP Parham Javaheri also disclosed large stock sales, adding to concerns that insiders may be taking profits after the recent run-up.

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.