Insider Selling: Life Time Group (NYSE:LTH) Director Sells 4,991,976 Shares of Stock

Key Points

• Life Time Group Director John Kristofer Galashan sold 4,991,976 shares at an average price of $28.95, totaling approximately $144.5 million, resulting in a 16.7% decrease in his ownership.
• The company's stock is currently valued at $28.23, with a P/E ratio of 27.68 and a market capitalization of $6.21 billion.
• Life Time Group reported $0.37 earnings per share for the last quarter, beating analysts' expectations and showing a 14% year-over-year revenue increase.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director John Kristofer Galashan sold 4,991,976 shares of Life Time Group stock in a transaction on 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 transaction, the director directly owned 24,906,061 shares of the company's stock, valued at $721,030,465.95. This represents a 16.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Life Time Group Stock Down 1.3%

LTH stock traded down $0.38 during midday trading on Friday, reaching $27.88. 4,285,784 shares of the company's stock traded hands, compared to its average volume of 1,874,306. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 25.69 and a beta of 1.72. The firm's fifty day moving average price is $28.46 and its 200-day moving average price is $29.30. 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 52 week low of $21.49 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Life Time Group had a net margin of 8.03% and a return on equity of 9.05%. The business had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. During the same quarter in the previous year, the business posted $0.26 EPS. Life Time Group's quarterly revenue was up 14.0% on a year-over-year basis. Life Time Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LTH has been the subject of several analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $36.00 price objective on shares of Life Time Group in a report on Tuesday, June 24th. Craig Hallum upgraded shares of Life Time Group to a "buy" rating and set a $45.00 price objective for the company in a research note on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Life Time Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.92.

Institutional Investors Weigh In On Life Time Group

Several hedge funds have recently bought and sold shares of LTH. Harbour Investments Inc. purchased a new position in shares of Life Time Group during the first quarter worth approximately $36,000. EverSource Wealth Advisors LLC raised its stake in shares of Life Time Group by 201.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock worth $45,000 after acquiring an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Life Time Group by 98.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,506 shares of the company's stock worth $46,000 after acquiring an additional 749 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Life Time Group by 10,150.0% during the second quarter. IFP Advisors Inc now owns 1,640 shares of the company's stock worth $51,000 after acquiring an additional 1,624 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Life Time Group by 2,741.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,705 shares of the company's stock worth $52,000 after acquiring an additional 1,645 shares in the last quarter. 79.40% of the stock is currently owned by institutional investors.

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.