Lingotto Investment Management LLP Makes New $4.44 Million Investment in Life Time Group Holdings, Inc. $LTH

Lingotto Investment Management LLP bought a new stake in shares of Life Time Group Holdings, Inc. (NYSE:LTH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 146,300 shares of the company’s stock, valued at approximately $4,437,000. Lingotto Investment Management LLP owned 0.07% of Life Time Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Avantax Advisory Services Inc. raised its holdings in Life Time Group by 29.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,066 shares of the company’s stock worth $425,000 after purchasing an additional 3,201 shares during the period. Cetera Investment Advisers increased its position in shares of Life Time Group by 81.2% in the first quarter. Cetera Investment Advisers now owns 27,089 shares of the company’s stock valued at $818,000 after buying an additional 12,143 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Life Time Group during the 1st quarter worth approximately $2,329,000. Natixis Advisors LLC raised its stake in shares of Life Time Group by 16.3% during the 1st quarter. Natixis Advisors LLC now owns 41,830 shares of the company’s stock worth $1,263,000 after buying an additional 5,856 shares during the period. Finally, Harbour Investments Inc. purchased a new position in shares of Life Time Group during the 1st quarter valued at approximately $36,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

Life Time Group Price Performance

Shares of NYSE LTH opened at $26.58 on Friday. The firm has a 50-day simple moving average of $26.08 and a 200-day simple moving average of $27.73. 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 stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.67. Life Time Group Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $34.99.

Life Time Group (NYSE:LTH) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $770.93 million. On average, equities analysts predict that Life Time Group Holdings, Inc. will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Erik Weaver sold 4,846 shares of Life Time Group stock in a transaction on Monday, October 13th. The stock was sold at an average price of $25.10, for a total transaction of $121,634.60. Following the transaction, the chief financial officer owned 81,765 shares in the company, valued at $2,052,301.50. The trade was a 5.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Kristofer Galashan sold 4,991,976 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 24,906,061 shares in the company, valued at approximately $721,030,465.95. The trade was a 16.70% 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 valued at $317,397,348 in the last 90 days. 8.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

About Life Time Group

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.