177,417 Shares in Life Time Group Holdings, Inc. $LTH Purchased by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP acquired a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 177,417 shares of the company’s stock, valued at approximately $5,381,000.

A number of other institutional investors have also bought and sold shares of LTH. Vanguard Group Inc. boosted its holdings in shares of Life Time Group by 32.2% during the 1st quarter. Vanguard Group Inc. now owns 9,365,193 shares of the company’s stock worth $282,829,000 after purchasing an additional 2,282,007 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Life Time Group by 1,729.3% during the first quarter. Ameriprise Financial Inc. now owns 5,066,245 shares of the company’s stock worth $154,547,000 after buying an additional 4,789,288 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Life Time Group by 64.7% during the second quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock worth $117,728,000 after buying an additional 1,525,398 shares during the last quarter. Hood River Capital Management LLC boosted its stake in Life Time Group by 21.3% during the second quarter. Hood River Capital Management LLC now owns 3,311,182 shares of the company’s stock worth $100,428,000 after buying an additional 581,324 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its holdings in Life Time Group by 7.1% in the 1st quarter. Driehaus Capital Management LLC now owns 3,166,786 shares of the company’s stock valued at $95,637,000 after buying an additional 211,117 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Stock Up 0.5%

Shares of NYSE:LTH opened at $26.71 on Monday. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.85 and a beta of 1.67. Life Time Group Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $34.99. The business has a 50-day moving average price of $26.06 and a 200 day moving average price of $27.69. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Life Time Group (NYSE:LTH) last announced its earnings results on Tuesday, November 4th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Life Time Group had a net margin of 9.91% and a return on equity of 9.75%. The company had revenue of $782.65 million during the quarter, compared to analyst estimates of $770.93 million. Sell-side analysts expect that Life Time Group Holdings, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on LTH. Zacks Research upgraded Life Time Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Morgan Stanley cut their price objective on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. UBS Group set a $48.00 target price on shares of Life Time Group in a research note on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Life Time Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.00.

Insider Activity

In related news, Director John G. Danhakl sold 4,991,976 shares of the 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 $144,517,705.20. Following the completion of the transaction, the director owned 24,906,061 shares of the company’s stock, valued at approximately $721,030,465.95. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Erik Weaver sold 4,846 shares of the business’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 value of $121,634.60. Following the completion of the sale, the chief financial officer directly owned 81,765 shares in the company, valued at approximately $2,052,301.50. The trade was a 5.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,971,714 shares of company stock worth $317,397,348 in the last three months. 8.70% of the stock is currently owned by corporate insiders.

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.