In a filing, Life Time Group Holdings Inc revealed its 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $64.77 million on Nov 11 ’24. In the deal valued at $24.18 per share,2,678,525 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 36,816,205 shares worth roughly $872.91 million.
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Then, Partners Group Private Equity sold 402,127 shares, generating $9,723,431 in total proceeds. Upon selling the shares at $24.18, the Member of 10% Owner Group now owns 5,527,221 shares.
Before that, DANHAKL JOHN G sold 3,741,394 shares. Life Time Group Holdings Inc shares valued at $90,466,907 were divested by the Director at a price of $24.18 per share. As a result of the transaction, DANHAKL JOHN G now holds 51,425,306 shares, worth roughly $1.22 billion.
Craig Hallum initiated its Life Time Group Holdings Inc [LTH] rating to a Buy in a research note published on July 19, 2024; the price target was $30. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering LTH and has increased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating.
Price Performance Review of LTH
On Friday, Life Time Group Holdings Inc [NYSE:LTH] saw its stock fall -0.46% to $23.71. Over the last five days, the stock has lost -5.08%. Life Time Group Holdings Inc shares have risen nearly 57.23% since the year began. Nevertheless, the stocks have risen 64.42% over the past one year. While a 52-week high of $27.11 was reached on 10/15/24, a 52-week low of $11.89 was recorded on 02/26/24. SMA at 50 days reached $24.40, while 200 days put it at $19.00.
Levels Of Support And Resistance For LTH Stock
The 24-hour chart illustrates a support level at 23.39, which if violated will result in even more drops to 23.07. On the upside, there is a resistance level at 23.97. A further resistance level may holdings at 24.23. The Relative Strength Index (RSI) on the 14-day chart is 46.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.86%. Stochastics %K at 48.97% indicates the stock is a holding.
How much short interest is there in Life Time Group Holdings Inc?
A steep rise in short interest was recorded in Life Time Group Holdings Inc stocks on 2024-10-31, dropping by -2.11 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.08 million shares. There was a decline of -42.32%, which implies that there is a negative sentiment for the stock.
