Life time group director Danhakl sells $126.1m in shares
Life Time Group Holdings, Inc. (NYSE:LTH) director Danhakl sold 2.88 million shares of the company's common stock on August 26, 2026. The shares were sold at $43.8 per share, totaling around $126.1 million. This transaction comes as Life Time's stock is trading near its 52-week high of $47.23, with a solid 55% return over the past year.
The stock is currently deemed overvalued by InvestingPro analysis, which is a factor to consider for investors tracking insider transactions. The shares were held by three entities: 2.83 million shares from Green LTF Holdings II LP, 4.79 thousand shares from LGP Associates VI-A LLC, and 47.7 thousand shares from LGP Associates VI-B LLC.
Following the sale, Danhakl indirectly owns around 3.03 million shares of Life Time Group Holdings common stock, which are held by the same three entities. Danhakl disclaims beneficial ownership of these shares except for his financial interest. Life Time Group Holdings reported strong second-quarter results, surpassing analyst expectations.
The company posted adjusted earnings per share of $0.48, exceeding the forecasted $0.38, while revenue grew to $866 million, beating estimates of $845.9 million. This impressive performance was driven by higher membership dues, increased demand for personal training, and elevated in-center usage. Recent news also includes UBS raising its price target for Life Time to $57, citing strong performance and better-than-expected same-store sales growth.
BofA Securities increased its target price to $51, acknowledging surpassing earnings and EBITDA estimates. Guggenheim also raised its price target to $50, highlighting the company's strong growth outlook and competitive position. Goldman Sachs initiated coverage with a Buy rating, emphasizing Life Time's potential to improve membership mix and capitalize on demand in high-income areas.
These positive developments reflect a favorable sentiment among analysts regarding Life Time's financial health and future prospects.
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