Life Time Group (NYSE:LTH) Director John Danhakl Sells 1,683,651 Shares of Company Stock

Life Time Group Holdings, Inc. (NYSE:LTH) Director John Danhakl sold 1,683,651 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $46.86, for a total value of $78,895,885.86. Following the sale, the director directly owned 491,915 shares of the company’s stock, valued at $23,051,136.90. This represents a 77.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Life Time Group Trading Up 2.3%

LTH traded up $1.05 during trading hours on Friday, reaching $46.59. 2,345,369 shares of the company’s stock traded hands, compared to its average volume of 3,612,977. The firm has a 50-day moving average price of $42.20 and a 200 day moving average price of $36.16. The firm has a market capitalization of $10.46 billion, a PE ratio of 25.32, a PEG ratio of 1.43 and a beta of 1.46. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42. Life Time Group Holdings, Inc. has a 52-week low of $24.45 and a 52-week high of $48.61.

Life Time Group (NYSE:LTH) last released its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The business had revenue of $893.52 million for the quarter, compared to analyst estimates of $874.98 million. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Bank of America reissued a “buy” rating and issued a $51.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. UBS Group set a $63.00 price objective on Life Time Group in a report on Wednesday, September 23rd. Morgan Stanley raised their price objective on Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Life Time Group in a research report on Wednesday, September 23rd. Fifteen analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and an average price target of $56.14.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in shares of Life Time Group by 102.0% in the third quarter. Marshall Wace LLP now owns 58,736 shares of the company’s stock worth $2,342,000 after purchasing an additional 29,655 shares during the last quarter. Southeast Asset Advisors LLC acquired a new stake in Life Time Group in the third quarter valued at approximately $2,224,000. Benjamin Edwards Inc. increased its position in shares of Life Time Group by 1.2% in the third quarter. Benjamin Edwards Inc. now owns 35,946 shares of the company’s stock valued at $1,433,000 after buying an additional 418 shares in the last quarter. First Trust Advisors LP increased its position in shares of Life Time Group by 28.6% in the third quarter. First Trust Advisors LP now owns 361,876 shares of the company’s stock valued at $14,432,000 after buying an additional 80,587 shares in the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Life Time Group in the third quarter valued at approximately $208,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.