Life Time Group Holdings, Inc. (NYSE:LTH) Major Shareholder Sells $13,572,000.00 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH) major shareholder Partners Group Private Equity sold 650,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $20.88, for a total value of $13,572,000.00. Following the transaction, the insider now owns 5,929,348 shares in the company, valued at $123,804,786.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Life Time Group Stock Up 4.9 %

Shares of LTH opened at $23.60 on Monday. Life Time Group Holdings, Inc. has a 52 week low of $11.10 and a 52 week high of $24.79. The company has a quick ratio of 0.31, a current ratio of 0.43 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 65.56, a PEG ratio of 3.92 and a beta of 1.86. The stock’s 50-day moving average price is $20.12 and its 200-day moving average price is $16.48.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, August 1st. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Life Time Group had a return on equity of 5.43% and a net margin of 4.54%. The firm had revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was up 18.9% compared to the same quarter last year. On average, sell-side analysts predict that Life Time Group Holdings, Inc. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price target on Life Time Group from $20.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Northland Securities boosted their price target on Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Mizuho boosted their price target on Life Time Group from $23.00 to $29.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company boosted their price target on Life Time Group from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.93.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Life Time Group by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock worth $100,562,000 after purchasing an additional 78,290 shares during the period. Dimensional Fund Advisors LP raised its holdings in Life Time Group by 19.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock worth $87,728,000 after purchasing an additional 770,766 shares during the period. Hood River Capital Management LLC raised its holdings in Life Time Group by 44.0% in the 2nd quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock worth $34,117,000 after purchasing an additional 553,881 shares during the period. Millennium Management LLC raised its holdings in Life Time Group by 66.7% in the 2nd quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock worth $20,268,000 after purchasing an additional 430,779 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Life Time Group in the 4th quarter worth about $14,544,000. Institutional investors and hedge funds own 79.40% of the company’s stock.

Life Time Group Company Profile

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.