John G. Danhakl sells 3,575,000 shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Life Time Group Holdings, Inc. (NYSE:LTH – Free Report) Director John G. Danhakl sold 3,575,000 shares of Life Time Group on Wednesday, August 14. The shares were sold at an average price of $20.88, for a total value of $74,646,000.00. Following the completion of the sale, the director now directly owns 55,166,700 shares of the company’s stock, valued at approximately $1,151,880,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Price development of the Life Time Group

LTH shares opened at $23.60 on Friday. The company’s 50-day moving average is $20.12 and its 200-day moving average is $16.46. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.43 and a quick ratio of 0.31. The company has a market cap of $4.69 billion, a P/E ratio of 65.56, a PEG ratio of 3.92 and a beta of 1.86. Life Time Group Holdings, Inc. has a 52-week low of $11.10 and a 52-week high of $24.79.

Life Time Group (NYSE:LTH – Get Free Report) last released its quarterly earnings results on Thursday, August 1. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. Life Time Group had a net margin of 4.54% and a return on equity of 5.43%. The company posted revenue of $667.80 million for the quarter, compared to the consensus estimate of $634.92 million. During the same period last year, the company reported $0.08 earnings per share. The company’s revenue for the quarter increased 18.9% compared to the same quarter last year. Equities analysts forecast that Life Time Group Holdings, Inc. will report earnings per share of $0.46 for the current year.

Wall Street analysts comment

Several research analysts have commented on the company. Wells Fargo & Company increased their price target on Life Time Group from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31. Royal Bank of Canada increased their price target on Life Time Group from $20.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, August 2. Craig Hallum initiated coverage on Life Time Group in a research note on Friday, July 19. They issued a buy rating and a $30.00 price target for the company. Goldman Sachs Group increased their price target on Life Time Group from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Friday, August 2. Finally, Northland Securities raised their price target on shares of Life Time Group from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Friday, August 2. Three equities analysts have rated the stock with a “hold” rating and four have given a “buy” rating. The stock currently has an average rating of “moderate buy” and a consensus price target of $24.93, according to data from MarketBeat.

Check out our latest analysis on LTH

Institutional inflows and outflows

A number of institutional investors and hedge funds have recently added to or reduced their holdings in LTH. Vanguard Group Inc. increased its holdings in shares of Life Time Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 6,479,496 shares of the company’s stock valued at $100,562,000 after acquiring an additional 78,290 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Life Time Group by 19.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,658,902 shares of the company’s stock valued at $87,728,000 after acquiring an additional 770,766 shares in the last quarter. Hood River Capital Management LLC increased its holdings in shares of Life Time Group by 44.0% in the second quarter. Hood River Capital Management LLC now owns 1,811,841 shares of the company’s stock valued at $34,117,000 after purchasing an additional 553,881 shares in the last quarter. Millennium Management LLC increased its position in shares of Life Time Group by 66.7% in the second quarter. Millennium Management LLC now owns 1,076,386 shares of the company’s stock valued at $20,268,000 after purchasing an additional 430,779 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Life Time Group in the 4th quarter valued at $14,544,000. 79.40% of the shares are owned by institutional investors and hedge funds.

About Life Time Group

(Get free report)

Life Time Group Holdings, Inc. provides health, fitness and wellness experiences to a community of individual members in the United States and Canada. The company is primarily engaged in the design, construction and operation of sports and athletic centers, professional fitness, family recreation and spa centers in a resort-like setting primarily in suburban and urban areas of major cities.