Life Time Group (NYSE:LTH) Director Sells $63,165,388.00 in Stock

by · The Cerbat Gem

Life Time Group Holdings, Inc. (NYSE:LTH – Get Free Report) Director John Kristofer Galashan sold 2,208,580 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $28.60, for a total value of $63,165,388.00. Following the sale, the director directly owned 11,027,703 shares of the company’s stock, valued at $315,392,305.80. This trade represents a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, May 21st, John Kristofer Galashan sold 3,006,100 shares of Life Time Group stock. The shares were sold at an average price of $32.51, for a total value of $97,728,311.00.
  • On Thursday, May 7th, John Kristofer Galashan sold 4,991,749 shares of Life Time Group stock. The shares were sold at an average price of $31.46, for a total value of $157,040,423.54.
  • On Tuesday, May 5th, John Kristofer Galashan sold 2,493,083 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total value of $71,302,173.80.

Life Time Group Stock Down 0.7%

Shares of NYSE LTH traded down $0.21 during mid-day trading on Friday, reaching $32.34. 1,568,479 shares of the company traded hands, compared to its average volume of 2,907,432. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.42 and a current ratio of 0.53. The stock has a market cap of $7.20 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.32 and a beta of 1.55. The company’s fifty day moving average is $29.74 and its two-hundred day moving average is $28.13. Life Time Group Holdings, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $35.33.

Life Time Group (NYSE:LTH – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $788.70 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, analysts expect that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current year.

Institutional Trading of Life Time Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Life Time Group by 49.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock valued at $48,000 after buying an additional 587 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Life Time Group by 24.9% in the 1st quarter. California State Teachers Retirement System now owns 168,879 shares of the company’s stock worth $4,550,000 after acquiring an additional 33,661 shares during the period. Royal Bank of Canada lifted its position in shares of Life Time Group by 3.9% in the 1st quarter. Royal Bank of Canada now owns 72,729 shares of the company’s stock worth $1,959,000 after acquiring an additional 2,700 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Life Time Group by 38.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company’s stock worth $47,031,000 after acquiring an additional 487,478 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Life Time Group by 455.2% in the 1st quarter. Quantinno Capital Management LP now owns 76,101 shares of the company’s stock worth $2,050,000 after acquiring an additional 62,393 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.

Analyst Ratings Changes

LTH has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $41.00 price objective on shares of Life Time Group in a report on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating and issued a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. Royal Bank Of Canada raised their target price on Life Time Group from $38.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday. 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 report on Wednesday, May 6th. Finally, Zacks Research lowered Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.30.

Read Our Latest Research Report on Life Time Group

About Life Time Group

(Get Free Report)

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.

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