Life time group director John Galashan sells $297.4 million in stock

John Galashan, a director and significant shareholder of Life Time Group Holdings, Inc. (NYSE:LTH), recently sold a substantial portion of his holdings in the company. On March 3, 2025, Galashan disposed of 9,871,687 shares of common stock at a price of $30.13 per share, amounting to a total transaction value of approximately $297.4 million. This sale was conducted as part of a public offering of Life Time Group’s common stock. The stock, which currently trades at $32.19, has shown remarkable strength with a 127% return over the past year and is trading near its 52-week high of $33.64.

Following the transaction, Galashan, through entities Green LTF Holdings II LP, LGP Associates VI-A LLC, and LGP Associates VI-B LLC, retains ownership of 41,553,619 shares. These shares are distributed among the entities, with Green LTF holding the majority. Galashan’s role and indirect ownership through these entities mean he may be considered an indirect beneficial owner of the shares, although he disclaims beneficial ownership beyond his financial interest. According to InvestingPro, Life Time Group maintains a "GOOD" financial health rating, despite trading at a relatively high P/E ratio of 42.5. Investors can access 12 additional exclusive ProTips and comprehensive analysis through InvestingPro’s detailed research report.

In other recent news, Life Time Group Holdings Inc. reported strong fourth-quarter earnings, which aligned with preliminary figures released previously. The company revised its EBITDA guidance for 2025 upward, surpassing initial analyst estimates, and reported a 19% revenue increase and a 28% earnings growth. Analysts from firms such as Mizuho (NYSE:MFG), Craig-Hallum, and Guggenheim have raised their price targets for Life Time Group, citing confidence in the company’s financial performance and growth potential. Mizuho increased its target to $41, while Craig-Hallum and Guggenheim set theirs at $45 and $36, respectively, maintaining positive ratings. Additionally, Life Time Group announced a $699.2 million secondary stock offering, with proceeds going entirely to selling stockholders. S&P Global has revised Life Time’s outlook to positive, reflecting improved financial results and a supportive financial policy. The company is expected to increase its revenue by 12%-15% in 2025, supported by membership growth and expanded services. Life Time’s focus on maintaining a net leverage target of 2.25x or below is anticipated to provide financial stability and support future expansion efforts.

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