Life Time Group (NYSE:LTH) EVP Eric Buss Sells 192,217 Shares

Key Points

• EVP Eric Buss sold 192,217 shares of Life Time Group on May 7 at an average price of $32.02, totaling about $6.15 million and reducing his ownership by 28.85%.
• Life Time Group’s latest quarterly results beat expectations, with EPS of $0.42 versus $0.39 expected and revenue of $788.7 million, up 11.7% year over year.
• Analysts remain mostly upbeat on the stock, with several firms raising targets or reiterating buy ratings; the consensus price target is $40.40 versus the recent share price around $31.85.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Eric Buss sold 192,217 shares of Life Time Group stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $32.02, for a total transaction of $6,154,788.34. Following the transaction, the executive vice president directly owned 474,008 shares in the company, valued at approximately $15,177,736.16. This trade represents a 28.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Life Time Group Trading Down 1.1%

Shares of Life Time Group stock traded down $0.34 during trading hours on Friday, hitting $31.85. The company's stock had a trading volume of 8,677,660 shares, compared to its average volume of 2,933,612. The business has a fifty day moving average of $27.15 and a 200 day moving average of $27.11. Life Time Group Holdings, Inc. has a 1-year low of $24.14 and a 1-year high of $33.95. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $7.09 billion, a PE ratio of 18.62, a P/E/G ratio of 1.42 and a beta of 1.50.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The firm had revenue of $788.70 million during the quarter, compared to analysts' expectations of $787.65 million. During the same period in the prior year, the company earned $0.39 EPS. The firm's revenue was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that Life Time Group Holdings, Inc. will post 1.47 EPS for the current year.

Institutional Investors Weigh In On Life Time Group

Several institutional investors and hedge funds have recently made changes to their positions in LTH. GAMMA Investing LLC boosted its holdings in Life Time Group by 144.5% in the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company's stock worth $32,000 after purchasing an additional 721 shares during the period. Wexford Capital LP bought a new position in Life Time Group during the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC increased its position in Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company's stock worth $45,000 after buying an additional 1,002 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Life Time Group in the third quarter worth $69,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Life Time Group in the fourth quarter valued at $73,000. 79.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research raised Life Time Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 24th. Wells Fargo & Company lifted their price objective on shares of Life Time Group from $37.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group restated a "buy" rating and issued a $43.00 target price on shares of Life Time Group in a research note on Thursday, March 12th. Jefferies Financial Group reaffirmed a "buy" rating and set a $41.00 price target on shares of Life Time Group in a report on Tuesday. Finally, Northland Securities set a $42.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Life Time Group has an average rating of "Buy" and a consensus price target of $40.40.

Trending Headlines about Life Time Group

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

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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