Life Time Group Target of Unusually Large Options Trading (NYSE:LTH)

Key Points

• Unusual options activity: Traders purchased 3,003 put options in Life Time Group, about 215% above the typical daily volume, potentially signaling increased defensive or bearish positioning.
• Significant insider selling: Insiders sold 12.35 million shares worth approximately $396.1 million over the past quarter. Director John Kristofer Galashan and CEO Bahram Akradi recently reduced their holdings by 18.51% and 10.81%, respectively.
• Strong operating performance and analyst sentiment: Life Time exceeded quarterly earnings and revenue expectations, with revenue up 13.7% year over year. Analysts maintain a “Buy” consensus with an average price target of $53.77, above the reported share price of $44.24.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 3,003 put options on the stock. This is an increase of 215% compared to the typical daily volume of 954 put options.

Insider Transactions at Life Time Group

In other news, Director John Kristofer Galashan sold 3,006,100 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $32.51, for a total value of $97,728,311.00. Following the completion of the transaction, the director directly owned 13,236,283 shares in the company, valued at approximately $430,311,560.33. The trade was a 18.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bahram Akradi sold 438,257 shares of the company's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $45.03, for a total transaction of $19,734,712.71. Following the sale, the chief executive officer directly owned 3,615,086 shares of the company's stock, valued at approximately $162,787,322.58. This trade represents a 10.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,346,029 shares of company stock worth $396,108,368. Corporate insiders own 13.30% of the company's stock.

Institutional Trading of Life Time Group

A number of hedge funds have recently made changes to their positions in LTH. Kestra Advisory Services LLC raised its position in shares of Life Time Group by 4.0% in the 4th quarter. Kestra Advisory Services LLC now owns 10,950 shares of the company's stock worth $291,000 after acquiring an additional 420 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Life Time Group by 8.8% during the 4th quarter. Harbour Investments Inc. now owns 6,387 shares of the company's stock valued at $170,000 after purchasing an additional 516 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company's stock valued at $48,000 after purchasing an additional 587 shares in the last quarter. Strs Ohio grew its stake in Life Time Group by 10.0% during the fourth quarter. Strs Ohio now owns 6,600 shares of the company's stock worth $175,000 after purchasing an additional 600 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in Life Time Group by 13.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company's stock worth $163,000 after purchasing an additional 717 shares during the period. 79.40% of the stock is owned by institutional investors and hedge funds.

Life Time Group Price Performance

Shares of NYSE LTH traded up $0.42 during midday trading on Thursday, reaching $44.24. 517,917 shares of the company were exchanged, compared to its average volume of 2,938,110. The stock's 50-day moving average price is $40.29 and its 200-day moving average price is $32.87. The stock has a market cap of $9.89 billion, a P/E ratio of 24.02, a PEG ratio of 1.61 and a beta of 1.50. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. Life Time Group has a one year low of $24.14 and a one year high of $47.24.

Life Time Group (NYSE:LTH - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.11. The company had revenue of $866.00 million during 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%.Life Time Group's revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. On average, sell-side analysts anticipate that Life Time Group will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LTH has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their target price on Life Time Group from $50.00 to $60.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $54.00 price target on Life Time Group in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on Life Time Group from $46.00 to $51.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Guggenheim reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Life Time Group in a research note on Wednesday. Finally, Oppenheimer lifted their target price on Life Time Group from $43.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $53.77.

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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