Life Time Group (NYSE:LTH) Major Shareholder Sells $15,504,603.40 in Stock

Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) major shareholder Partners Group Private Equity sold 542,119 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $28.60, for a total value of $15,504,603.40. Following the completion of the sale, the insider directly owned 3,178,381 shares of the company's stock, valued at approximately $90,901,696.60. This trade represents a 14.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Stock Performance

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NYSE LTH opened at $32.10 on Friday. The company has a fifty day moving average price of $27.15 and a 200-day moving average price of $27.11. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.42 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.52. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $34.99.

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Life Time Group (NYSE:LTH - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share for the quarter, beating 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 company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period last year, the firm earned $0.39 earnings per share. The firm's revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts predict that Life Time Group Holdings, Inc. will post 1.47 EPS for the current fiscal year.

More Life Time Group News

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

• Positive Sentiment: Q1 beat and upbeat outlook — Life Time reported stronger-than-expected Q1 results and management commentary that highlighted growth momentum, which kicked off a recent rally. Life Time Group (LTH) Soars 12% on Stellar Earnings, Upbeat Outlook
• Positive Sentiment: Completed major share repurchase — The company announced completion of a previously disclosed large repurchase transaction, reducing float and signaling capital-return priority. Life Time Group Completes Major Share Repurchase Transaction
• Positive Sentiment: Strategic investor entry and additional repurchase disclosure — Announcements around a $62.71M repurchase program and a strategic investor participation add credibility to the buyback plan. Life Time announces $62.71M share repurchase and strategic investor entry
• Positive Sentiment: Analyst upgrades and higher targets — Mizuho raised its price target to $44 (outperform) and Wells Fargo raised its target to $38 (overweight), providing further support for the stock’s upside case. Analyst coverage/price target updates
• Neutral Sentiment: Strategic small acquisition — Life Time acquired the Phoenix 10K race, expanding its events/running portfolio; a niche brand tuck-in that supports community engagement but is unlikely to move near-term earnings materially. Life Time Expands Running Portfolio with Acquisition of the Phoenix 10K
• Neutral Sentiment: Ongoing analyst interest — Several outlets featured LTH among consumer-cyclical picks, which helps visibility but may already be priced in after recent upgrades. Analysts’ Top Consumer Cyclical Picks
• Negative Sentiment: Profit-taking, high volume and liquidity metrics — The stock is pulling back on above-average volume after the post-earnings run; shorter-term technical resistance and limited short-term liquidity (quick ratio ~0.52, current ratio ~0.63) may amplify intraday weakness.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LTH. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Life Time Group in a research report on Thursday, January 22nd. Morgan Stanley upped 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. Mizuho raised their target price on Life Time Group from $41.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday. Northland Securities set a $42.00 target price on Life Time Group in a research note on Friday, January 23rd. Finally, Zacks Research upgraded shares of Life Time Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Life Time Group currently has an average rating of "Buy" and a consensus price target of $40.40.

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Read Our Latest Research Report on LTH

Institutional Trading of Life Time Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Life Time Group by 15.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company's stock worth $217,929,000 after purchasing an additional 1,068,208 shares during the period. Swiss National Bank increased its position in shares of Life Time Group by 0.6% during the first quarter. Swiss National Bank now owns 283,700 shares of the company's stock valued at $7,643,000 after buying an additional 1,800 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Life Time Group by 79.0% in the first quarter. Bank of New York Mellon Corp now owns 862,524 shares of the company's stock worth $23,236,000 after buying an additional 380,610 shares in the last quarter. Maryland State Retirement & Pension System bought a new position in shares of Life Time Group in the first quarter valued at approximately $596,000. Finally, Principal Financial Group Inc. boosted its position in shares of Life Time Group by 18.1% in the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company's stock valued at $69,760,000 after acquiring an additional 397,248 shares during the period. Hedge funds and other institutional investors own 79.40% of the company's stock.

About Life Time Group

(Get Free Report)

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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