Senator Investment Group LP Trims Holdings in Life Time Group Holdings, Inc. $LTH

Senator Investment Group LP trimmed its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,325,000 shares of the company’s stock after selling 275,000 shares during the period. Life Time Group comprises 1.4% of Senator Investment Group LP’s investment portfolio, making the stock its 28th biggest holding. Senator Investment Group LP’s holdings in Life Time Group were worth $35,218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LTH. GAMMA Investing LLC raised its stake in shares of Life Time Group by 144.5% in the 4th quarter. GAMMA Investing LLC now owns 1,220 shares of the company’s stock valued at $32,000 after acquiring an additional 721 shares during the period. Wexford Capital LP purchased a new stake in shares of Life Time Group in the 3rd quarter valued at approximately $40,000. EverSource Wealth Advisors LLC grew its holdings in shares of Life Time Group by 201.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,499 shares of the company’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Life Time Group by 74.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,862 shares of the company’s stock valued at $76,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Life Time Group by 13.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,119 shares of the company’s stock valued at $163,000 after purchasing an additional 717 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

Life Time Group Trading Down 0.5%

NYSE LTH opened at $34.14 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. Life Time Group Holdings, Inc. has a 52 week low of $24.14 and a 52 week high of $35.33. The stock has a market capitalization of $7.60 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55. The firm has a 50 day moving average of $30.73 and a two-hundred day moving average of $28.53.

Life Time Group (NYSE:LTH) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Life Time Group had a net margin of 12.56% and a return on equity of 10.10%. The company had revenue of $788.70 million during the quarter, compared to analysts’ expectations of $787.65 million. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that Life Time Group Holdings, Inc. will post 1.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other Life Time Group news, Director John Kristofer Galashan sold 4,991,749 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the completion of the transaction, the director owned 16,242,383 shares in the company, valued at $510,985,369.18. The trade was a 23.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John G. Danhakl sold 4,991,749 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $31.46, for a total transaction of $157,040,423.54. Following the transaction, the director owned 16,242,383 shares of the company’s stock, valued at $510,985,369.18. This trade represents a 23.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 27,876,110 shares of company stock worth $854,609,979 in the last 90 days. Corporate insiders own 13.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LTH shares. Zacks Research cut shares of Life Time Group from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. UBS Group restated a “buy” rating and issued a $43.00 price objective on shares of Life Time Group in a report on Thursday, March 12th. KeyCorp started coverage on shares of Life Time Group in a report on Thursday, March 12th. They issued an “overweight” rating and a $40.00 price objective for the company. Guggenheim lifted their price objective on shares of Life Time Group from $36.00 to $41.00 and gave the company a “buy” rating in a report on Monday. Finally, Jefferies Financial Group restated a “buy” rating and issued a $41.00 price objective on shares of Life Time Group in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.80.

Life Time Group Profile

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.