Ranger Investment Management L.P. Buys New Shares in Life Time Group Holdings, Inc. $LTH

Ranger Investment Management L.P. purchased a new position in Life Time Group Holdings, Inc. (NYSE:LTH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 432,080 shares of the company’s stock, valued at approximately $11,925,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Life Time Group by 41.3% in the second quarter. Ameriprise Financial Inc. now owns 7,157,957 shares of the company’s stock valued at $216,644,000 after buying an additional 2,091,712 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Life Time Group by 64.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,881,566 shares of the company’s stock worth $117,728,000 after acquiring an additional 1,525,398 shares during the period. Hood River Capital Management LLC lifted its position in shares of Life Time Group by 21.3% in the 2nd quarter. Hood River Capital Management LLC now owns 3,311,182 shares of the company’s stock worth $100,428,000 after acquiring an additional 581,324 shares during the period. Geode Capital Management LLC increased its position in shares of Life Time Group by 42.7% during the second quarter. Geode Capital Management LLC now owns 2,980,851 shares of the company’s stock valued at $90,420,000 after purchasing an additional 892,338 shares during the period. Finally, State Street Corp raised its stake in shares of Life Time Group by 37.7% in the second quarter. State Street Corp now owns 2,766,216 shares of the company’s stock valued at $83,899,000 after purchasing an additional 757,592 shares in the last quarter. Institutional investors own 79.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group set a $48.00 price target on shares of Life Time Group in a research note on Friday, October 17th. Morgan Stanley lowered their target price on shares of Life Time Group from $39.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Life Time Group in a research note on Thursday, January 22nd. Guggenheim reiterated a “buy” rating and issued a $36.00 price objective on shares of Life Time Group in a research note on Friday, January 23rd. Finally, Zacks Research cut Life Time Group from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Life Time Group currently has an average rating of “Moderate Buy” and a consensus target price of $36.77.

Life Time Group Trading Up 2.2%

LTH stock opened at $29.38 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. Life Time Group Holdings, Inc. has a twelve month low of $24.14 and a twelve month high of $34.99. The company has a market cap of $6.48 billion, a P/E ratio of 22.79, a PEG ratio of 0.89 and a beta of 1.68. The business has a fifty day moving average of $27.37 and a 200-day moving average of $27.23.

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

Insider Activity

In other news, EVP Ritadhwaja Jebens Singh sold 12,088 shares of Life Time Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $29.75, for a total transaction of $359,618.00. Following the completion of the sale, the executive vice president owned 110,967 shares in the company, valued at $3,301,268.25. The trade was a 9.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric J. Buss sold 162,722 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $28.04, for a total transaction of $4,562,724.88. Following the completion of the transaction, the executive vice president owned 380,683 shares in the company, valued at $10,674,351.32. This represents a 29.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 256,670 shares of company stock valued at $7,234,567. 8.70% of the stock is currently owned by 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.