Federated Hermes Inc. Sells 109,542 Shares of Life Time Group Holdings, Inc. $LTH

Federated Hermes Inc. lowered its holdings in shares of Life Time Group Holdings, Inc. (NYSE:LTH) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,502 shares of the company’s stock after selling 109,542 shares during the quarter. Federated Hermes Inc. owned 0.15% of Life Time Group worth $9,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock worth $216,644,000 after buying an additional 2,091,712 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Life Time Group by 2,328.1% during the second quarter. Balyasny Asset Management L.P. now owns 1,852,117 shares of the company’s stock valued at $56,175,000 after acquiring an additional 1,775,837 shares in the last quarter. Norges Bank bought a new stake in Life Time Group during the 2nd quarter valued at $50,999,000. JPMorgan Chase & Co. raised its holdings in shares of Life Time Group by 64.7% in the second quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock valued at $117,728,000 after acquiring an additional 1,525,398 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in shares of Life Time Group in the 2nd quarter valued at about $43,473,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Trading Down 0.5%

Shares of LTH opened at $29.19 on Monday. Life Time Group Holdings, Inc. has a 52-week low of $24.14 and a 52-week high of $34.99. The stock has a market cap of $6.44 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 0.87 and a beta of 1.68. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $27.20 and its two-hundred day moving average is $27.21.

Life Time Group (NYSE:LTH) last issued 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 return on equity of 9.75% and a net margin of 9.91%.The business had revenue of $782.65 million for the quarter, compared to analysts’ expectations of $770.93 million. Research analysts forecast that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LTH shares. Zacks Research lowered Life Time Group from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Guggenheim restated a “buy” rating and set a $36.00 price target on shares of Life Time Group in a research note on Friday, January 23rd. Northland Securities set a $42.00 price objective on Life Time Group in a report on Friday, January 23rd. Morgan Stanley reduced their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Life Time Group in a research report on Thursday, January 22nd. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.77.

Insider Activity

In other Life Time Group news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the transaction, the executive vice president directly owned 110,967 shares of the company’s stock, valued at $3,301,268.25. The trade was a 9.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric J. Buss sold 74,487 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $28.05, for a total value of $2,089,360.35. Following the completion of the transaction, the executive vice president owned 380,683 shares in the company, valued at $10,678,158.15. This represents a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 249,297 shares of company stock valued at $7,011,703. 8.70% of the stock is owned by company insiders.

About Life Time Group

Life Time Group (NYSE: LTH) is a premier operator of health, fitness and lifestyle centers across North America. The company’s core business encompasses the development, ownership and management of premium athletic resorts that integrate state-of-the-art fitness facilities, group exercise studios, indoor and outdoor pools, running tracks, and spa and salon services. In addition to its brick-and-mortar clubs, Life Time offers a digital platform featuring on-demand and live-streamed workouts, personalized training programs and nutrition guidance, enabling members to pursue their wellness goals both at home and on the go.

Founded in 1992 and headquartered in Chanhassen, Minnesota, Life Time has grown from a single Minnesota health club into a network of more than 160 locations across the United States and Canada.