Life Time Group (NYSE:LTH) Director Sells $1,621,000.00 in Stock

Key Points

• Director Stuart Lasher sold 50,000 shares of Life Time Group for about $1.62 million at an average price of $32.42, cutting his ownership by 41.3%.
• Life Time Group beat Q1 expectations, reporting EPS of $0.42 versus $0.39 expected and revenue of $788.7 million, up 11.7% year over year.
• The stock was down 1.1% to $31.85 in Friday trading, while analyst sentiment remained constructive with a consensus Buy rating and a target price around $40.40.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director Stuart Lasher sold 50,000 shares of the firm's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $32.42, for a total transaction of $1,621,000.00. Following the completion of the sale, the director directly owned 71,058 shares of the company's stock, valued at approximately $2,303,700.36. This represents a 41.30% 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 Stock Down 1.1%

Shares of LTH traded down $0.34 on Friday, reaching $31.85. The stock had a trading volume of 8,677,660 shares, compared to its average volume of 2,933,612. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.52 and a current ratio of 0.53. The company has a 50-day simple moving average of $27.15 and a 200-day simple moving average of $27.11. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $33.95.

Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. The company had revenue of $788.70 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Sell-side analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

More Life Time Group News

Here are the key news stories impacting Life Time Group this week:

• Positive Sentiment: Life Time reported better-than-expected Q1 results, with EPS of $0.42 versus $0.39 expected and revenue up 11.7% year over year, reinforcing the company’s growth momentum.
• Positive Sentiment: The company completed a previously announced major share repurchase, which can support the stock by reducing share count and signaling management confidence. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Mizuho raised its price target on LTH to $44 from $41 and kept an outperform rating, adding to a constructive analyst backdrop.
• Neutral Sentiment: Recent coverage also highlighted Life Time among consumer cyclical stock ideas, which helps visibility but is unlikely to be a direct short-term catalyst. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Major shareholder Partners Group Private Equity sold 542,119 shares worth about $15.5 million, a sizable reduction in ownership that can weigh on sentiment. SEC insider filing
• Negative Sentiment: Director John G. Danhakl also sold 2.49 million shares, and the similar sale by John Kristofer Galashan underscores meaningful insider profit-taking. SEC insider filing

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTH. Royal Bank of Canada raised its stake in shares of Life Time Group by 140.4% in the first quarter. Royal Bank of Canada now owns 54,380 shares of the company's stock worth $1,642,000 after purchasing an additional 31,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Life Time Group by 25.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,855 shares of the company's stock worth $2,140,000 after purchasing an additional 14,267 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company's stock worth $73,154,000 after purchasing an additional 1,428,446 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Life Time Group during the first quarter valued at approximately $221,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Life Time Group by 47.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 199,287 shares of the company's stock valued at $6,018,000 after purchasing an additional 64,348 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LTH. Wells Fargo & Company lifted their price objective on Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday. Guggenheim reiterated a "buy" rating and set a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Morgan Stanley lifted their price objective on Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Life Time Group in a report on Thursday, January 22nd. Finally, Mizuho lifted their target price on shares of Life Time Group from $41.00 to $44.00 and gave the stock an "outperform" rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Life Time Group presently has a consensus rating of "Buy" and a consensus target price of $40.40.

Life Time Group Company Profile

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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