Partners Group Entities Sell $13.57M Worth of Life Time Group Holdings Inc. (NYSE:LTH) Shares in Public Offering
In recent market activity, Partners Group entities have collectively sold shares of Life Time Group Holdings, Inc. (NYSE:LTH) in a public offering, totaling $13.57 million at $20.88 per share. The entities involved in the transaction include Partners Group Private Equity (Master Fund), LLC, Partners Group Private Equity II, LLC, Partners Group Series Access II, LLC, and Partners Group Access 83 PF LP.
The specific breakdown of the sales shows the number of shares sold by each entity, with Partners Group Private Equity (Master Fund), LLC selling 342,285 shares, Partners Group Private Equity II, LLC selling 752 shares, Partners Group Access 83 PF LP selling 23,622 shares, and Partners Group Series Access II, LLC, Series 61 selling 283,341 shares.
After the transaction, the reporting entities still hold a significant number of shares in Life Time Group Holdings, Inc. This sale is part of a broader analysis of the company's stock performance and potential.
Life Time Group Holdings recently announced plans for a public offering of 12 million shares, managed by Morgan Stanley, BofA Securities, Deutsche Bank Securities, and Wells Fargo Securities. The company reported a promising second quarter in 2024 with a revenue increase and net income growth.
As investors evaluate the recent sale of shares by Partners Group entities, it's crucial to consider Life Time Group Holdings, Inc.'s financial health and market performance. The company has a high P/E ratio and strong revenue growth, indicating optimism about future earnings.
Investors should pay attention to the company's financial metrics and market confidence when analyzing the impact of major stakeholder sales. For more insights, additional InvestingPro Tips are available to provide a comprehensive understanding of the company's outlook and performance.