Key Points
- Director Stuart Lasher sold 50,000 shares of Life Time Group at an average price of $32.42, trimming his holdings by 41.3% in a transaction worth about $1.62 million.
- Life Time’s latest quarterly results beat expectations, with EPS of $0.42 versus $0.39 forecast and revenue rising 11.7% year over year to $788.7 million.
- Analyst sentiment remains constructive, with multiple firms reiterating buy/outperform ratings and an average target price of $40.40, despite recent insider and shareholder selling.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) CFO Erik Weaver sold 22,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $32.69, for a total value of $719,180.00. Following the transaction, the chief financial officer directly owned 114,166 shares in the company, valued at $3,732,086.54. The trade was a 16.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Erik Weaver also recently made the following trade(s):
- On Tuesday, March 3rd, Erik Weaver sold 1,329 shares of Life Time Group stock. The stock was sold at an average price of $25.73, for a total value of $34,195.17.
Life Time Group Price Performance
LTH opened at $31.85 on Friday. Life Time Group Holdings, Inc. has a 12-month low of $24.14 and a 12-month high of $33.95. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.46. The business's fifty day simple moving average is $27.15 and its 200-day simple moving average is $27.11. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.33 and a beta of 1.50.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Life Time Group had a return on equity of 10.10% and a net margin of 12.56%.The business had revenue of $788.70 million for the quarter, compared to the consensus estimate of $787.65 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business's revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.
Key Stories Impacting 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
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on LTH. Morgan Stanley increased their price target on Life Time Group from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, February 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $37.00 price objective on shares of Life Time Group in a research report on Wednesday. Mizuho raised their price objective on Life Time Group from $41.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday. Jefferies Financial Group reaffirmed a "buy" rating and set a $41.00 price objective on shares of Life Time Group in a research report on Tuesday. Finally, UBS Group reaffirmed a "buy" rating and set a $43.00 price objective on shares of Life Time Group in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $40.40.
View Our Latest Stock Report on Life Time Group
Institutional Investors Weigh In On Life Time Group
A number of institutional investors have recently added to or reduced their stakes in LTH. GAMMA Investing LLC boosted its position in Life Time Group by 144.5% during the fourth quarter. GAMMA Investing LLC now owns 1,220 shares of the company's stock valued at $32,000 after purchasing an additional 721 shares in the last quarter. Wexford Capital LP acquired a new stake in Life Time Group in the third quarter worth about $40,000. EverSource Wealth Advisors LLC boosted its holdings 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 acquiring an additional 1,002 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in Life Time Group in the third quarter worth about $69,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Life Time Group in the fourth quarter worth about $73,000. 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.
Further Reading
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