Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director John Kristofer Galashan sold 2,879,154 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $43.80, for a total transaction of $126,106,945.20. Following the completion of the sale, the director owned 3,029,450 shares of the company's stock, valued at approximately $132,689,910. The trade was a 48.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
John Kristofer Galashan also recently made the following trade(s):
- On Monday, August 10th, John Kristofer Galashan sold 5,119,099 shares of Life Time Group stock. The shares were sold at an average price of $43.16, for a total transaction of $220,940,312.84.
- On Thursday, June 4th, John Kristofer Galashan sold 2,208,580 shares of Life Time Group stock. The stock was sold at an average price of $28.60, for a total transaction of $63,165,388.00.
Life Time Group Stock Performance
Life Time Group stock opened at $43.58 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $9.74 billion, a PE ratio of 23.68, a P/E/G ratio of 1.60 and a beta of 1.50. The firm has a fifty day simple moving average of $42.85 and a two-hundred day simple moving average of $34.14. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $47.24.
Life Time Group (NYSE:LTH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.11. Life Time Group had a net margin of 13.07% and a return on equity of 10.56%. The business had revenue of $866.00 million during the quarter, compared to analyst estimates of $845.75 million. During the same period in the prior year, the business posted $0.37 earnings per share. The company's revenue was up 13.7% on a year-over-year basis. Research analysts expect that Life Time Group Holdings, Inc. will post 1.59 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Wexford Capital LP purchased a new position in Life Time Group during the 3rd quarter valued at about $40,000. EverSource Wealth Advisors LLC lifted its holdings in Life Time Group by 201.6% in the 2nd 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 during the period. Nykredit A S purchased a new stake in Life Time Group in the 2nd quarter worth approximately $47,000. Kemnay Advisory Services Inc. bought a new stake in shares of Life Time Group in the 4th quarter worth approximately $73,000. Finally, Versant Capital Management Inc grew its position in shares of Life Time Group by 286.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,806 shares of the company's stock worth $74,000 after buying an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company's stock.
Analyst Ratings Changes
LTH has been the topic of several recent research reports. Weiss Ratings upgraded Life Time Group from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 6th. The Goldman Sachs Group initiated coverage on Life Time Group in a research report on Monday, August 3rd. They issued a "buy" rating and a $53.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $54.00 price objective on Life Time Group in a research note on Friday, July 31st. Northland Securities set a $57.00 target price on shares of Life Time Group in a research note on Friday, July 31st. Finally, Morgan Stanley lifted their target price on shares of Life Time Group from $39.00 to $53.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat, Life Time Group currently has an average rating of "Buy" and a consensus target price of $54.85.
Read Our Latest Analysis on LTH
Life Time Group Company Profile
(
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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