Partners Group Private Equity Sells 745,707 Shares of Life Time Group (NYSE:LTH) Stock

Key Points

• Partners Group Private Equity sold 745,707 shares of Life Time Group at an average price of $28.95, totaling over $21.5 million, resulting in a 16.70% decrease in their ownership.
• Life Time Group's recent earnings report showed a 14% year-over-year revenue increase, with earnings per share of $0.37, surpassing estimates.
• Institutional investors hold 79.40% of Life Time Group's stock, with significant stakes increased by firms like Ameriprise and Vanguard.

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) major shareholder Partners Group Private Equity sold 745,707 shares of Life Time Group stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $21,588,217.65. Following the sale, the insider owned 3,720,500 shares in the company, valued at approximately $107,708,475. The trade was a 16.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Life Time Group Price Performance

Shares of Life Time Group stock traded down $0.38 on Friday, hitting $27.88. 4,285,784 shares of the company traded hands, compared to its average volume of 1,874,306. The business has a 50-day simple moving average of $28.46 and a 200 day simple moving average of $29.30. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a market capitalization of $6.13 billion, a P/E ratio of 25.69 and a beta of 1.72.

Life Time Group (NYSE:LTH - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share 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 firm had revenue of $761.47 million during the quarter, compared to analyst estimates of $752.33 million. During the same period last year, the firm posted $0.26 earnings per share. Life Time Group's revenue for the quarter was up 14.0% compared to the same quarter last year. Life Time Group has set its FY 2025 guidance at EPS. Research analysts expect that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on LTH. Wall Street Zen lowered shares of Life Time Group from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Craig Hallum raised shares of Life Time Group to a "buy" rating and set a $45.00 target price for the company in a report on Friday, May 23rd. Finally, Guggenheim reissued a "buy" rating and issued a $36.00 target price on shares of Life Time Group in a report on Tuesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.92.

Institutional Trading of Life Time Group

A number of large investors have recently made changes to their positions in LTH. Osaic Holdings Inc. raised its holdings in shares of Life Time Group by 18.4% in the second quarter. Osaic Holdings Inc. now owns 71,796 shares of the company's stock valued at $2,177,000 after acquiring an additional 11,180 shares in the last quarter. State of Wyoming raised its holdings in shares of Life Time Group by 165.5% in the second quarter. State of Wyoming now owns 21,550 shares of the company's stock valued at $654,000 after acquiring an additional 13,434 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Life Time Group in the second quarter valued at about $6,066,000. Nomura Holdings Inc. bought a new stake in shares of Life Time Group in the second quarter valued at about $1,512,000. Finally, Caxton Associates LLP raised its holdings in shares of Life Time Group by 12.9% in the second quarter. Caxton Associates LLP now owns 8,268 shares of the company's stock valued at $251,000 after acquiring an additional 946 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other 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.