Key Points
- Partners Group Private Equity sold 747,178 shares of Life Time Group on May 7 at an average price of $31.46, cutting its stake by 23.51% and generating about $23.5 million in proceeds.
- Life Time Group recently reported better-than-expected quarterly results, with EPS of $0.42 versus $0.39 expected and revenue of $788.7 million, up 11.7% year over year.
- Despite the insider selling, analysts remain broadly positive on the stock, with a consensus Buy rating and an average target price of $40.40; shares were recently trading near their 52-week high.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) EVP Parham Javaheri sold 62,900 shares of the company's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $31.80, for a total value of $2,000,220.00. Following the sale, the executive vice president owned 246,574 shares of the company's stock, valued at $7,841,053.20. This trade represents a 20.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Parham Javaheri also recently made the following trade(s):
- On Friday, March 13th, Parham Javaheri sold 11,060 shares of Life Time Group stock. The shares were sold at an average price of $26.46, for a total value of $292,647.60.
Life Time Group Trading Up 1.4%
Shares of NYSE:LTH opened at $32.37 on Tuesday. The business's 50-day moving average is $27.35 and its 200 day moving average is $27.20. Life Time Group Holdings, Inc. has a 1 year low of $24.14 and a 1 year high of $33.95. The firm has a market capitalization of $7.20 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.32 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 0.42.
Life Time Group (NYSE:LTH - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $788.70 million for the quarter, compared to analyst estimates of $787.65 million. During the same period in the prior year, the company posted $0.39 EPS. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that Life Time Group Holdings, Inc. will post 1.47 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Life Time Group
A number of institutional investors have recently added to or reduced their stakes in LTH. GAMMA Investing LLC lifted 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 worth $32,000 after buying an additional 721 shares in the last quarter. Wexford Capital LP purchased a new position in Life Time Group during the third quarter worth approximately $40,000. EverSource Wealth Advisors LLC lifted its position in Life Time Group by 201.6% during 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 in the last quarter. Asset Management One Co. Ltd. purchased a new position in Life Time Group during the third quarter worth approximately $69,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Life Time Group during the fourth quarter worth approximately $73,000. Hedge funds and other institutional investors own 79.40% of the company's stock.
Analyst Ratings Changes
LTH has been the topic of a number of research reports. Jefferies Financial Group reissued a "buy" rating and issued a $41.00 price objective on shares of Life Time Group in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Life Time Group in a report on Thursday, January 22nd. Northland Securities set a $42.00 target price on Life Time Group in a report on Friday, January 23rd. UBS Group reaffirmed a "buy" rating and set a $43.00 target price on shares of Life Time Group in a report on Thursday, March 12th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $37.00 target price on shares of Life Time Group in a report on Wednesday, May 6th. Two research 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 a consensus rating of "Buy" and an average target price of $40.40.
Check Out Our Latest Stock Report on Life Time Group
Life Time Group News Summary
Here are the key news stories impacting Life Time Group this week:
- Positive Sentiment: Life Time Group recently reported quarterly EPS of $0.42, topping estimates of $0.39, while revenue rose 11.7% year over year to $788.7 million, suggesting solid operating momentum. MarketBeat LTH overview
- Neutral Sentiment: The stock has been trading near its 52-week high, which may reflect investor confidence in the company’s growth and profitability. MarketBeat LTH overview
- Negative Sentiment: Multiple insiders and a major shareholder disclosed large stock sales, including director John G. Danhakl and major shareholder Partners Group Private Equity, each trimming positions by 23.51%, which can raise concerns about insider confidence. SEC filing SEC filing
- Negative Sentiment: Additional executive selling, including EVP Parham Javaheri and other reported insider transactions, adds to the pressure from share sales. SEC filing
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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