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FORT WORTH, TX—In a recent transaction, major stakeholders of Life Time Group Holdings, Inc. (NYSE:LTH), a $6.63 billion market cap company, have sold a significant portion of their holdings, amounting to a total value of approximately $212.9 million. The shares were sold at $30.13 each, notably below the current trading price of $32.19. According to InvestingPro data, the stock has delivered an impressive 127% return over the past year.
The sale involved 7,067,299 shares of the company’s Class A common stock. The transaction was executed by TPG GP A, LLC, along with James G. Coulter and Jon Winkelried, who are identified as ten percent owners of the company. Following this sale, the group retains ownership of 29,748,906 shares. The timing of the sale is notable as the stock trades near its 52-week high, having gained 42.9% year-to-date.
The transaction was disclosed in a filing with the Securities and Exchange Commission, highlighting the continued financial maneuvers by significant stakeholders in the company. Based on InvestingPro’s Fair Value analysis, the stock appears overvalued at current levels. Discover more insights and 12 additional ProTips for LTH with an InvestingPro subscription.
In other recent news, Life Time Group Holdings Inc. has reported a series of notable developments. The company announced robust fourth-quarter earnings, which aligned with preliminary figures and led to an upward revision of its EBITDA guidance for 2025. Craig-Hallum increased Life Time’s price target to $45, citing strong fourth-quarter results and potential for growth in membership dues. Mizuho (NYSE:MFG) Securities also raised its price target for Life Time to $41, maintaining an Outperform rating, based on the company’s strong fourth-quarter performance and positive outlook for 2025. Guggenheim followed suit, increasing its price target to $36, highlighting Life Time’s significant revenue and earnings growth of 19% and 28%, respectively.
Additionally, Life Time announced a $699.2 million secondary stock offering, with proceeds going to selling stockholders. S&P Global revised Life Time’s outlook to positive from stable, noting better-than-expected 2024 results and a supportive financial policy. The company’s debt to EBITDA has improved, and it plans to increase revenue by 12%-15% in 2025. Life Time’s expansion plans include opening 10-12 new clubs annually, supported by internally generated cash flows and sale-leaseback transactions. These recent developments underscore Life Time’s ongoing growth and financial strategies.
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