A coordinated series of stock sales by entities associated with Partners Group has resulted in a total divestment of approximately $23.5 million from Life Time Group Holdings, Inc. (NASDAQ:LTH). On May 7, 2026, several investment vehicles under the Partners Group umbrella sold a combined total of 747,178 shares of LTH common stock at an average price of $31.46 per share.
The selling entities involved in these transactions include Partners Group Private Equity Fund, LLC; Partners Group Private Equity II, LLC; Partners Group Series Access II, LLC; and Partners Group Access 83 PF LP. These reporting persons are categorized as members of a 10% owner group of Life Time Group Holdings, a status established via a stockholders agreement.
Breakdown of Transactional Allocations
The divestment was distributed across several specific fund allocations within the Partners Group structure. The individual breakdowns for the May 7 transactions are as follows:
- Partners Group Private Equity Fund, LLC: Sold 392,665 shares.
- Partners Group Series Access II, LLC, Series 61: Sold 325,046 shares.
- Partners Group Access 83 PF LP: Sold 28,604 shares.
- Partners Group Private Equity II, LLC: Sold 863 shares.
Despite these sales, the collective group maintains a substantial position in the company. Following the liquidation of the aforementioned shares, the Partners Group entities hold a combined total of 2,431,203 shares of Life Time Group Holdings common stock. The remaining holdings are distributed as follows:
- Partners Group Private Equity Fund, LLC: 1,277,673 shares.
- Partners Group Series Access II, LLC, Series 61: 1,057,651 shares.
- Partners Group Access 83 PF LP: 93,071 shares.
- Partners Group Private Equity II, LLC: 2,808 shares.
Market Context and Financial Metrics
The timing of these sales coincides with a period of upward momentum for LTH. The stock has seen a surge of over 10% within the past week and is currently trading at $32.33. This brings the company's market capitalization to approximately $7.2 billion. On a year-to-date basis, LTH shares have delivered returns of nearly 22%.
From a valuation standpoint, the company reports a P/E ratio of 18.75 and earnings per share (EPS) of $1.71 over the trailing twelve months. While some analysis indicates that the stock may be trading at a level that is overvalued relative to its Fair Value estimate, other metrics suggest different perspectives. For instance, LTH has been noted to trade at a low P/E ratio relative to its near-term earnings growth expectations, evidenced by a PEG ratio of 0.25.
Operational Performance and Strategic Moves
Life Time Group Holdings recently reported first-quarter 2026 financial results that outperformed market expectations. The company posted an EPS of $0.42, surpassing the projected $0.33. Revenue for the quarter reached $789 million, which was higher than the anticipated $786.7 million.
Beyond core earnings, the company has engaged in several strategic initiatives:
- Share Repurchases: Life Time announced a plan to repurchase 2,192,500 shares of its common stock through a private transaction at a price of $28.60 per share.
- Acquisitions: The company acquired the Phoenix 10K race, an event entering its 51st year.
- Institutional Shifts: An affiliate of Atairos Group, Inc. recently acquired 8,770,000 shares from various existing stockholders, including Partners Group (USA) Inc., TPG Inc., and Leonard Green & Partners, L.P.
Analyst sentiment remains active following these developments. Mizuho has issued an Outperform rating with a price target of $44, citing the strong first-quarter results and positive guidance for fiscal 2026. Similarly, UBS reiterated a Buy rating, setting a price target of $43 based on the company's revenue drivers.
Governance and Control
The investment manager for Partners Group Private Equity Fund, LLC is identified as Partners Group (USA) Inc. All listed entities, including Partners Group Private Equity II, LLC, Partners Group Access 83 PF LP, and Partners Group Series Access II, LLC, are under the indirect control of Partners Group Holding AG. Furthermore, Andres Small, an employee of an affiliate of the reporting persons, holds a seat on the Life Time Group Holdings board of directors as the group's representative under the existing stockholders agreement.