John Kristofer Galashan Sells 2,879,154 Shares of Life Time Group (NYSE:LTH) Stock

Key Points

• Director John Kristofer Galashan sold 2.88 million Life Time Group shares at an average price of $43.80, generating approximately $126.1 million. His remaining ownership fell by 48.73% to 3.03 million shares.
• Life Time Group reported quarterly EPS of $0.48, exceeding the $0.37 consensus estimate, while revenue rose 13.7% year over year to $866 million.
• Analysts maintain a favorable outlook, with the stock receiving an overall “Buy” rating and an average price target of $54.85; institutional investors own approximately 79.4% of the company.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director John Kristofer Galashan sold 2,879,154 shares of Life Time Group stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the transaction, the director owned 3,029,450 shares in the company, valued at approximately $132,689,910. This trade represents a 48.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, August 10th, John Kristofer Galashan sold 5,119,099 shares of Life Time Group stock. The stock was sold at an average price of $43.16, for a total transaction of $220,940,312.84.
• On Thursday, June 4th, John Kristofer Galashan sold 2,208,580 shares of Life Time Group stock. The shares were sold at an average price of $28.60, for a total transaction of $63,165,388.00.

Life Time Group Stock Performance

LTH traded down $0.77 during trading on Friday, reaching $43.58. The company's stock had a trading volume of 2,810,325 shares, compared to its average volume of 2,985,166. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $47.24. The company's fifty day moving average price is $42.85 and its 200-day moving average price is $34.14. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.66.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.11. The company had revenue of $866.00 million for the quarter, compared to analysts' expectations of $845.75 million. Life Time Group had a return on equity of 10.56% and a net margin of 13.07%.The firm's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LTH shares. Royal Bank Of Canada upped their price target on shares of Life Time Group from $50.00 to $60.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. Mizuho boosted their price objective on shares of Life Time Group from $63.00 to $64.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Wells Fargo & Company upped their target price on shares of Life Time Group from $46.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, The Goldman Sachs Group initiated coverage on shares of Life Time Group in a report on Monday, August 3rd. They issued a "buy" rating and a $53.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Life Time Group currently has an average rating of "Buy" and an average price target of $54.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System grew its stake in Life Time Group by 3,933.8% in the 2nd quarter. California State Teachers Retirement System now owns 6,812,194 shares of the company's stock valued at $278,210,000 after acquiring an additional 6,643,315 shares during the last quarter. Wellington Management Group LLP raised its position in Life Time Group by 129.3% during the third quarter. Wellington Management Group LLP now owns 5,828,546 shares of the company's stock worth $160,868,000 after acquiring an additional 3,286,229 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Life Time Group by 102.1% in the third quarter. Bank of America Corp DE now owns 4,268,011 shares of the company's stock valued at $117,797,000 after purchasing an additional 2,156,033 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company's stock valued at $216,644,000 after purchasing an additional 2,091,712 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Life Time Group in the fourth quarter valued at approximately $49,228,000. Institutional investors and hedge funds own 79.40% of the company's stock.

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.

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