11,492 Shares in Life Time Group Holdings, Inc. $LTH Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,492 shares of the company’s stock, valued at approximately $349,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LTH. Ameriprise Financial Inc. raised its holdings in shares of Life Time Group by 1,729.3% in the 1st quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock valued at $154,547,000 after purchasing an additional 4,789,288 shares during the period. Vanguard Group Inc. increased its position in Life Time Group by 32.2% during the first quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock worth $282,829,000 after buying an additional 2,282,007 shares during the last quarter. Burkehill Global Management LP bought a new stake in Life Time Group in the first quarter valued at approximately $46,473,000. Goldman Sachs Group Inc. raised its stake in Life Time Group by 143.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,422,304 shares of the company’s stock valued at $73,154,000 after buying an additional 1,428,446 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Life Time Group in the first quarter valued at approximately $37,889,000. Institutional investors own 79.40% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Erik Weaver sold 4,846 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $25.10, for a total transaction of $121,634.60. Following the transaction, the chief financial officer directly owned 81,765 shares of the company’s stock, valued at approximately $2,052,301.50. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Partners Group Private Equity sold 745,707 shares of Life Time Group stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $28.95, for a total transaction of $21,588,217.65. Following the completion of the sale, the insider owned 3,720,500 shares of the company’s stock, valued at approximately $107,708,475. The trade was a 16.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,743,880 shares of company stock worth $311,008,231. 8.70% of the stock is currently owned by insiders.

Life Time Group Stock Up 1.7%

LTH stock opened at $25.51 on Friday. Life Time Group Holdings, Inc. has a fifty-two week low of $21.49 and a fifty-two week high of $34.99. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.67 and a quick ratio of 0.53. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.83 and a beta of 1.68. The business’s fifty day moving average price is $26.87 and its two-hundred day moving average price is $28.33.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The company had revenue of $761.47 million during the quarter, compared to analysts’ expectations of $752.33 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Life Time Group’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts anticipate that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LTH. Morgan Stanley upgraded Life Time Group from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $34.00 to $39.00 in a research note on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research report on Wednesday, October 8th. UBS Group set a $48.00 target price on shares of Life Time Group in a research note on Friday, October 17th. Finally, Wall Street Zen downgraded shares of Life Time Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.14.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.