Key Points
- Life Time Group director John Danhakl sold 1,683,651 shares at an average $46.86, worth about $78.9 million. The sale reduced his ownership by 77.39%, leaving him with 491,915 shares.
- Latest quarterly results beat expectations: earnings were $0.51 per share versus $0.41 forecast, while revenue reached $893.52 million and rose 14.1% year over year.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $56.14 price target; the shares recently traded at $46.59.
Life Time Group Holdings, Inc. (NYSE:LTH - Get Free Report) Director John Danhakl sold 1,683,651 shares of the company's stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $46.86, for a total transaction of $78,895,885.86. Following the transaction, the director owned 491,915 shares of the company's stock, valued at $23,051,136.90. This represents a 77.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Life Time Group Price Performance
Shares of NYSE LTH traded up $1.05 during trading on Friday, hitting $46.59. The company had a trading volume of 2,345,369 shares, compared to its average volume of 3,612,977. The stock has a fifty day simple moving average of $42.20 and a two-hundred day simple moving average of $36.16. Life Time Group Holdings, Inc. has a fifty-two week low of $24.45 and a fifty-two week high of $48.61. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42.
Life Time Group (NYSE:LTH - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.10. The business had revenue of $893.52 million during the quarter, compared to analysts' expectations of $874.98 million. Life Time Group had a net margin of 12.72% and a return on equity of 11.01%. The company's quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 earnings per share. On average, research analysts expect that Life Time Group Holdings, Inc. will post 1.63 earnings per share for the current year.
Institutional Investors Weigh In On Life Time Group
Several hedge funds and other institutional investors have recently made changes to their positions in LTH. Dimensional Fund Advisors LP raised its holdings in shares of Life Time Group by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,090,037 shares of the company's stock worth $217,929,000 after acquiring an additional 1,068,208 shares during the period. Wellington Management Group LLP grew its holdings in shares of Life Time Group by 1.6% in the second quarter. Wellington Management Group LLP now owns 6,308,310 shares of the company's stock valued at $257,631,000 after purchasing an additional 99,154 shares during the period. Principal Financial Group Inc. increased its position in Life Time Group by 18.1% during the first quarter. Principal Financial Group Inc. now owns 2,589,462 shares of the company's stock worth $69,760,000 after purchasing an additional 397,248 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Life Time Group by 38.7% during the first quarter. The Manufacturers Life Insurance Company now owns 1,745,768 shares of the company's stock worth $47,031,000 after purchasing an additional 487,478 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in Life Time Group by 103.5% during the third quarter. Public Sector Pension Investment Board now owns 1,073,662 shares of the company's stock worth $42,914,000 after purchasing an additional 545,955 shares during the last quarter. Institutional investors and hedge funds own 79.40% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating and issued a $56.00 price objective on shares of Life Time Group in a report on Friday, October 30th. Barclays began coverage on Life Time Group in a report on Monday, October 26th. They set an "overweight" rating and a $51.00 target price for the company. Northland Securities set a $57.00 target price on Life Time Group in a report on Friday, July 31st. Morgan Stanley raised their target price on Life Time Group from $53.00 to $54.00 and gave the company an "overweight" rating in a research report on Tuesday, October 27th. Finally, Zacks Research lowered Life Time Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. Fifteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.14.
View Our Latest Research Report on LTH
About Life Time Group
(
Get Free Report)
Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.
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