Life Time Group (NYSE:LTH) Director Sells $144,517,705.20 in Stock

Key Points

• John Danhakl, Director of Life Time Group, sold nearly 5 million shares at an average price of $28.95, which totaled approximately $144.5 million, reducing his ownership stake by 16.7%.
• Life Time Group reported earnings of $0.37 per share for the last quarter, exceeding analysts' estimates of $0.33, and revenue rose by 14% year-over-year.
• Equities research analysts have issued a consensus rating of "Moderate Buy" for Life Time Group, with an average price target of $35.92.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director John G. Danhakl sold 4,991,976 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $28.95, for a total transaction of $144,517,705.20. Following the completion of the sale, the director directly owned 24,906,061 shares of the company's stock, valued at approximately $721,030,465.95. This represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Life Time Group Trading Down 1.3%

Shares of NYSE:LTH traded down $0.38 on Friday, hitting $27.88. The company had a trading volume of 4,285,784 shares, compared to its average volume of 1,874,306. The firm's 50-day simple moving average is $28.46 and its two-hundred day simple moving average is $29.30. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 25.69 and a beta of 1.72. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 0.52. Life Time Group Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $761.47 million for the quarter, compared to the consensus estimate of $752.33 million. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The company's revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS. Life Time Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Life Time Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTH. Ameriprise Financial Inc. raised its stake in Life Time Group by 34.5% during the 4th quarter. Ameriprise Financial Inc. now owns 276,957 shares of the company's stock worth $6,126,000 after acquiring an additional 71,074 shares during the period. Cetera Investment Advisers bought a new stake in Life Time Group during the 4th quarter worth approximately $331,000. Deutsche Bank AG raised its stake in Life Time Group by 15.5% during the 4th quarter. Deutsche Bank AG now owns 279,735 shares of the company's stock worth $6,188,000 after acquiring an additional 37,529 shares during the period. Janus Henderson Group PLC raised its stake in Life Time Group by 25.4% during the 4th quarter. Janus Henderson Group PLC now owns 31,093 shares of the company's stock worth $688,000 after acquiring an additional 6,300 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Life Time Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,588 shares of the company's stock worth $1,252,000 after acquiring an additional 2,035 shares during the period. Institutional investors own 79.40% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Guggenheim restated a "buy" rating and set a $36.00 target price on shares of Life Time Group in a research note on Tuesday, June 24th. Finally, Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 target price on the stock in a research note on Friday, May 23rd. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.92.

About Life Time Group

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.